Technical analysis of NZD/USD for June 15, 2017 888011000 110888 Overview: The NZD/USD pair continues to move upwards from the level of 0.7205. Currently rate is seen at the level of 0.7205. As long as the pattern is above this level, the market is still in an uptrend. In addition, the pattern is still strong above the moving average(100). The NZD/USD pair didn’t make any substantial movements today. The marketplace is suggesting a bullish opportunity above the discussed support levels. The bullish outlook remains legitimate as long as the 100 EMA is visited the benefit. Strong support will be found around the spot of 0.7159-0.7205 providing a clear signal to purchase with a target seen at 0.7250. If the trend breaks the very first resistance at 0.7250, the pair will move up-wards continuing the bullish trend development to the level of 0.7305 in order to test the day-to-day resistance 2. Besides, it must be kept in mind that the significant resistance is seen at 0.7344 on the H4 chart. If the NZD/USD set is successful to break through the assistancelevel of 0.7122 today, the market will decline even more to 0.7057 . It is recommended to set your stop loss at 0.7122. The materialhas actually been provided by InstaForex Company-www.instaforex.com

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