Credit Suisse: sell NZD/USD on highs
Credit Suisse holds a limit order to sell NZD/USD from 0.7900 with a take profit at 0.7715 and a stop loss at 0.7960.
Key support for the pair now lies at 0.7693/83 – the pair pushed higher from this level, forming a bullish engulfing candle. The risk for a bullish correction back to 0.7960/70 persists. This is the price resistance and the 13-day MA.
Chart. Daily NZD/USD