Technical analysis of NZD/USD for June 19, 2017 888011000 110888 As predicted, NZD/USD struck our take revenue and touched 0.7280. Now it is anticipated to turn down. The set published a rebound and broke above the 20-period and 50-period moving averages, it is still trading below the crucial resistance at 0.7275 which needs to restrict theupside potential. Despite the fact that an extension of technical rebound can not be dismissed, its level needs to be limited.Hence,as long as 0.7275 is not surpassed, expect a go back to 0.7225 andeven to 0.7200 in extension. Strategy: OFFER. Stop Loss: 0.7275. Take Revenue: 0.7300 Chart Explanation: The black line reveals the pivot point. Currently, the price is above the pivot point which suggests the bullish position. It shows the brief position if it is listed below the pivot points. The red lines show the support levelsand the green line indicates the resistance levels. Theselevels can be used to exit and get in trades.Resistance levels: 0.7300, 0.7320, and 0.7355 Support levels: 0.7225, 0.7200, and 0.7160 The product has actually been supplied by InstaForex Business-www.instaforex.com

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