We are in bullish mode on NZDUSD currency pair
Here is the illustrations and snapshots for NZDUSD Forecast and technical analysis May 19 2014
Recent interest rate increase news made NZD currency quite stronger than other currency pair. On the monthly char we can see that 0.800 support level is still in a very safe position. Last few monthly candles are very bullish and the pair is in mood to go further upward.
On the weekly chart of NZDUSD pair we can see that its retraced for the last couple of weeks, current position might be a nice place to go for long on this pair.
On the daily chart of NZDUSD pair we can see that it created a green trend line and the chart is quite strong to go for a bullish trend.
On the h4 chart of NZDUSD pair we can see that market is just bouncing from the strong 200 EMA support level a perfect place to go for long on this pair.
We are still on bullish mode on NZDUSD pair as the recent interest rate increase news added more fuel for a stronger NZD currency and technical setup is also quite good to go for a bullish sentiment.