Technical analysis of NZD/USD for January 12, 2018 888011000 110888 All our targets which we anticipated in the previous analysis have been hit. NZD/USD is anticipated to continue its benefit movement. The pair broke above the key resistance at 0.7230(the high of January 10 ), which becomes the crucial assistance now. The upward momentum is further enhanced by both rising 50-period and 20-period moving averages. The relative strength index advocates for an additional advance. To summarize, as long as 0.7230 is not broken, try to find a new difficulty with targets at 0.7280 and 0.7300 in extension. The black line reveals the pivot point. Currently, the cost is above the pivot point, which is a signal for long positions. It will indicate short positions if it remains below the pivot point. The red lines are showing the support levels, while the green line is showing the resistance levels. Theselevels can be used to leave and go into trades.Resistance levels: 0.7280, 0.7300, and 0.7330. Support levels: 0.7210, 0.7180, and 0.7150. The material has actually been provided by InstaForex

By | January 12, 2018

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