Technical analysis of NZD/USD for April 09, 2018 888011000 110888 NZD/USD is expected to trade with a bullish outlook and continue its rebound. The pair has reversed up, and is anticipated to post a new rebound. A bullish cross has been identified in between the 20-period and 50-period moving averages. The relative strength indexis likewise favorable above its neutrality area at 50. To conclude, as long as 0.7255 is not broken, most likely advance to 0.7330 and 0.7355 in extension.Chart Description: The black line shows the pivot point. Presently, the price is above the pivot point which is a signal for long positions. It will suggest brief positions if it remains below the pivot point. The red lines show the support levels,while the green line indicates the resistance levels . These levels can be utilized to enter and exit trades. Resistance levels: 0.7330, 0.7355, and 0.7385. Support levels : 0.7220, 0.7195, and 0.7145. The product has been supplied by InstaForex Business-www.instaforex.com

By | April 9, 2018

Leave a Reply

Your email address will not be published. Required fields are marked *