NZD USD expands improvement s
9/27/2016 10:12:15 AM
Developing to Monday's recovery momentum from 50-day SMA support, the NZD/USD pair has now improved above 0.7300 handle.
Currently trading at a fresh session high level of 0.7305, the pair is profiting from the dominant risk-on sentiment in an immediate reaction to Hillary Clinton's win at the first US presidential debate against her Republican opponent, Donald Trump.
Immediate upside persistence is fixed at 0.7330 area above which the pair is likely to streak towards 0.7350 strong persistence area. A follow through buying interest above 0.7350 barrier might refute any near-term bearish bias, helping the pair to reclaim 0.7400 handle and head towards retesting 0.7450 persistence area.