• NZD/USD: N-term consolidation ahead of a likely break above 0.7151 - Credit Suisse

Market news

24 December 2020

NZD/USD: N-term consolidation ahead of a likely break above 0.7151 - Credit Suisse

eFXdata reports that Credit Suisse discusses NZD/USD technical outlook.

"We might see another near -term consolidation phase over the next few days, prior to a resumption of the core bull trend. A clear and closing break above .7151 would ensure a direct continuation of the core bull trend, with resistance then seen at .7171 and then .7200, with a lack of meaningful medium -term resistance above here until .7395," CS notes.

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