Technical analysis of NZD/USD for February 01, 2018 888011000 110888 NZD/USD is under pressure. The set has actually plainly reversed down after the failure to break above its key resistance at 0.7420. The 20-period moving average is denying, and also crossed listed below the 50-period one. The relative strength index is bearish below its neutrality area at 50. For that reason, as long as 0.7380 is resistance, most likely decline to 0.7320 and 0.7300 in extension. The black line reveals the pivot point. Currently, the price is above the pivot point, which is a signal for long positions. It will indicate brief positions if it stays listed below the pivot point. The red lines are revealing the assistance levels, while the green line is showing the resistance levels. Theselevels can be used to go into and leave trades.Resistance levels: 0.7400, 0.7420, and 0.7450. Support levels: 0.7320, 0.7300, and 0.7260. The material has actually been offered by InstaForex Company-www.instaforex.com

By | February 1, 2018

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