Technician

#NZDUSD Short term Forecast | #forex

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
1086 2 21
NZDUSD             Short term forecast and technical analysis

The pair has been retracing lower within the past few days, retesting the main short term support(broken resistance) at 0.7485, today we have seen a strong intraday selloff below that support, however the price managed to rebound late session and close the candle above that level and also above the short term rising trend line ... Are we head higher again? I think its very possible that we see more near term upside towards the 50-days SMA and even 0.7620 main next horizontal resistance.

Having said that, my bias remains bullish towards 0.7600 area, and lets see what happens if we reach there, i will be updating this outlook.

------------------------------------------------------------------------------------------------------------------------------------------------------------
Be one of the first members of my new trading portal, check my new website http://thefxchannel.com/ , vote and subscribe. Thank you

Good luck, keep your stops tight..
https://twitter.com/thefxchannel
https://www.facebook.com/thefxchannel
https://plus.google.com/+Thefxchannel0
My best regards
Technician
We are finally LIVE https://thefxchannel.com
Let's see what the price action gonna do. Your potential reversal area makes a lot of sens by the way.

Level To Watch: #NZDUSD Downtrend started
Reply
I absolutely agree with you BUT I'm waiting on the bullish engulfing candles to form on the weekly chart to enter the trade
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out