Technical analysis of NZD/USD for April 11, 2018 888011000 110888 All our upside targets which we anticipated in our previous analysis have been hit. NZD/USD stays on the upside, backed by its rising 50-period moving average. The procedure of greater lows and highs stays intact on the costs, which should validate a positive outlook. Besides, the relative strength index is bullish above its neutrality location at 50. For this reason, as long as 0.7345 is not broken, it’s likely advance to 0.7385 and 0.7400 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. If it remains listed below the pivot point, it will show short positions. The red lines show the assistance levels,while the green line shows the resistance levels. These levels can be utilized to enter and leave trades. Resistance levels: 0.7385, 0.7400, and 0.7450 Assistance levels : 0.7320, 0.7300, and 0.7265. The material has been offered by InstaForex Company-www.instaforex.com

By | April 11, 2018

Leave a Reply

Your email address will not be published.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