Technical analysis of NZD/USD for December 29, 2017 888011000 110888 All our advantage targets which we predicted in yesterday’s analysis have been hit. NZD/USD is still anticipated to trade with a bullish outlook. The pair stays on the advantage, and is likewise supported by its increasing 50-period moving average. The relative strength index is bullish above its ascending trend line support. In addition, a strong assistance base at 0.7070 need to restrict any downward efforts. To summarize, as long as 0.7070 is not broken, likely advance to 0.7135 and 0.7150 in extension. The black line reveals the pivot point. Presently, the cost is above the pivot point, which is a signal for long positions. If it stays below the pivot point, it will indicate short positions. The red lines are showing the support levels and the green line is showing the resistance levels. These levels can be used to go into and leave trades.Resistance levels: 0.7135, 0.7150, and 0.7185 Assistance levels: 0.7050, 0.7025, and 0.700 The product has actually been offered by InstaForex

Leave a Reply

Your email address will not be published. Required fields are marked *