Technical analysis of NZD/USD for October 12, 2017 888011000 110888 USD/CHF is anticipated to trade with a bullish outlook. The pair is rebounding above its 50-period and 20-period moving averages. In addition, the 50-period moving average is turning up. The relative strength index is supported by a bullish pattern line considering that October 11. To conclude, as long as 0.7080 is not broken, look for the continuation of rebound with targets at 0.7145 and 0.7165 in extension. The black line is revealing the pivot point. Presently, the rate is above the pivot point, which shows long positions. It will indicate short positions if it remains below the pivot point. The red lines are revealingthe assistance levels and the green line is suggestingthe resistance levels. These levels can be utilized to leave and go into trades.Resistance levels: 0.7145, 0.7165, and 0.7190 Support levels: 0.7030, 0.7000, and 0.6955 The material has actually been supplied by InstaForex Company-www.instaforex.com

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