Technical analysis of NZD/USD for June 13, 2017 888011000 110888 Overview: The NZD/USD pair is revealing signs of force following a breakout of the top at 0.7122. Considering that the pattern is above this level, the marketplace is still in an uptrend. In addition, the trend is still strong above the moving average(100 ). The NZD/USD pair didn’t make any considerable movements yesterday. Hence, the market is showing a bullish opportunity above the pointed out assistance levels. The bullish outlook remains valid as long as the 100 EMA is gone to the benefit. For that reason, strong assistance will be discovered around the area of 0.7122-0.7159 providing a clear signal to buy with a target seen at 0.7250. If the trend breaks the very first resistance at 0.7250, the pair will move upwards continuing the bullish trend development to the level of 0.7305 in order to check the daily resistance 2. On the other hand, if the NZD/USD pair is successful to break throughthe assistance level of 0.7122 today, the marketplace will decrease even more to 0.7057. It is recommended to set your stop loss at 0.7110. The product has actually been supplied by InstaForex Company- www.instaforex.com

By | June 13, 2017

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