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NZDUSD Update: Target 1 hit at 0.7110

Market Analysis
Chart_16-06-10_13-27-14

NZDUSD, 5 min

I posted earlier today a brief intraday analysis in Facebook saying that I was seeing support in NZDUSD at 0.7080-0.7090 and that there’s an attempt to take the pair higher. My Targets were as follows: T1 at 0.7110 and T2 at 0.7150.

Price retraced to my support area quite a few times but eventually broke out and had a healthy run to my Target 1 at 0.7110. If you want to lear about trading and analysis, our free webinars are just the right place for you. Join now by clicking the link below. I really look forward to seeing you there!

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Janne Muta

Chief Market Analyst

HotForex

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