FxWirePro
Short

NZD/USD upside running out of momentum, likely target 0.6950

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
286 0 12
NZD/USD             edges higher from session lows of 0.7022. The pair is extending downside from RBNZ led highs of 0.7147.

0.7147 was a yearly high, last seen since June 8th 2015.

Upside in the pair seen capped below double-top at 0.7054. We see a break of trendline support at 0.7054 on Monday's trade.

Price action is seen moving away from upper Bollinger Band . Stochs are also at overbought levels and on the verge of a rollover.

RSI has bounced off from overbought territory and point south. Momentum is fading on the MACD indicator.

Supports on the downside are located at 0.70, 0.6972 (10-DMA) and then 0.6950 ( Apr             29th lows).

Upside finds resistance at 0.7054 (double-top), 0.7081 (June 13th high) and then 0.71.

Good to sell rallies around 0.7050, SL: 0.71, TP: 0.70/0.6950
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out