NZD/USD to enjoy considerable gains towards the 0.7465 2021 high - Commerzbank

Market news

21 September 2021

NZD/USD to enjoy considerable gains towards the 0.7465 2021 high - Commerzbank

FXStreet reports that Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, notes that the longer-term chart implies that the kiwi’s long-term bull trend is still intact.

“A break above the downtrend at 0.7138 is eventually favoured and will target the 0.7465 2021 high.”

“NZD/USD is above the 55-month ma and the MACD is above zero – it suggests further long-term strength.”

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