Technical analysis of NZD/USD for August 11, 2017 888011000 110888 NZD/USD is still under pressure and expected to trade in lower range. The set is combining below its key resistance at 0.7345. The decreasing 50-period moving average plays a resistance role. The relative strength index is bearish and calls for a new drop. As long as 0.7345 holds on the benefit, we anticipate a more decrease to 0.7250 and even to 0.7215 in extension. Chart Explanation: The black line reveals the pivot point. Presently, the price is above the pivot point which suggests the bullish position. It will suggest the short position if it remains below the pivot point. The red lines show the assistance levels and the green lineindicates the resistance levels. These levels can be utilized to enter and exit trades.Resistance levels: 0.7370, 0.7395, and 0.7425 Support levels: 0.7250, 0.7215, and 0.7180 The material has actually been offered by InstaForex

By | August 11, 2017

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