Technical analysis of NZD/USD for February 12, 2018 888011000 110888 NZD/USD is expected to trade with a bullish predisposition above 0.7225. The set rebounded from 0.7225 after touching therising 50-period moving average. The relative strength index is above its neutrality level at 50 and lacks downward momentum . Hence, as long as 0.7225 is not broken, look for an additional advance with targets at 0.7280 and 0.7300 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 remains listed below the pivot point, it will suggest short positions. The red lines show the support levels, while the green line indicates the resistance levels. These levels can be utilized to leave and go into trades.Resistance levels: 0.7280, 0.7300, and 0.7340. Assistance levels: 0.7200, 0.7175, and 0.7160. The material has actually been supplied by InstaForex Business

By | February 12, 2018

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