Technical analysis of NZD/USD for February 14, 2018 888011000 110888 Our very first advantage target which we forecasted in the other day’s analysis has been struck. NZD/USD is expected to trade with a bullish outlook above 0.7285. The set is supported by an upward trend line considering that February 8, which confirmed a bullish outlook. The relative strength index is above its neutrality level at 50. A support base at 0.7265 has actuallyformed and has actually allowed for a short-lived stabilization. Thus, above 0.7285, search for a more advance with targets at 0.7350 and 0.7380 in extension. The black line shows the pivot point. Presently, the rate is above the pivot point, which is a signal for long positions. If it remains below the pivot point, it will suggest brief positions. The red lines reveal the assistancelevels, while the green line suggests the resistance levels. These levels can be used to get in and exit trades.Resistance levels: 0.7325, 0.7355, and 0.7385. Assistance levels: 0.7225, 0.7200, and 0.7175. The material has been provided by InstaForex

By | February 14, 2018

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