Kiwi: I stay LONG to key resistance at 0.7150

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
146 0 0
Many traders still talk about BUY Dollar vs Kiwi, but price action is opposite their willing.

The fact is USDollar             is turning to correction period and we will see 2015 high is also 2016 high.

Look at on the chart, ascending long term trend line and SMA200 is holding N/U below them, but I think those resistance levels would rapidly be broken.

N/U now stops at 38.2% Fib retracement levels.

0.6900 is a meaningful resistance : it is 4 month high.

Very strong resistance is at 61.8% Fib Retracement : 0.7150; this will be final resistance, a fair value of N/U.

I will position N/U to that key resistance : at least to 0.7100
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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