Technical analysis of NZD/USD for March 07, 2018 888011000 110888 NZD/USD is expected to trade higher. The bullish predisposition stays. Regardless of the current pullback from 0.7310(the high of March 6 ), the pair still stays above the rising 50-period moving average, which plays a support function. Despite the fact that a continuation of debt consolidation can not be eliminated, its level needs to be restricted. To conclude, as long as 0.7265 is not broken, try to find an additional advance with targets at 0.7310 and 0.7325 in extension. The black line reveals the pivot point. Currently, the rate is above the pivot point which is a signal for long positions. If it remains listed below the pivot point, it will indicate short positions. The red lines show the assistance levels, while the green line shows the resistance levels. These levels can be used to enter and exit trades.Resistance levels: 0.7310, 0.7325, and 0.7365. Assistance levels: 0.7245, 0.7215, and 0.7175. The material has been offered by InstaForex Business

By | March 7, 2018

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