FxWirePro
Long

NZD/USD Short term Outlook

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
89 views
0
89 0

RES4 :0.7785 (138.2% retracement of 0.76125 and 0.71616)

RES 3: 0.7711 ( 61.8% retracement of 0.80335 and 0.7175)

RES2: 0.76630 ( 50% retracement of 0.7691 and 0.7390)

RES 1: 0.7630 ( Apr 3rd high)

PRICE: 0.75966@ 10:16 GMT

SUP 1: 0.7558 (20 day 4HMA)

SUP 2: 0.7485 (200 day 4HMA)

SUP 3: 0.7435 ( 50% retracement of 0.7183 to 0.76912)

SUP 4: 0.7390 ( Apr 1st 2015)

Commentary:

NZD/USD has recovered after making a low of 0.7485. Overall trend is bullish as long as support 0.7480 holds.

On the downside minor support is around 0.7555 any break below will drag the pair further down till 0.7485/0.7435 level.

It is good to buy at dips around 0.7550 with stop around 0.7480 for the target of 0.7630/0.7690
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out