Technical analysis of NZD/USD for April 13, 2018 888011000 110888 Our very first benefit target which we predicted in yesterday’s analysis has been hit. NZD/USD is expected to trade with a bullish bias above 0.7345. The pair stays bullish above its nearby support at 0.7345 and is most likely to post a new bounce. The process of higher lows and highs remains intact on the costs, which should validate a positive outlook. In addition, the relative strength index is showing up and also broke aboveits neutrality at 50. To conclude, as long as 0.7345 is not broken, likely advance to 0.7385 and 0.7400 in extension.Chart Explanation: The black line shows the pivot point. Presently, the price is above the pivot point which is a signal for long positions. If it stays below the pivot point, it will indicate brief positions. The red lines reveal the support levels, while the green lineindicates the resistance levels. These levels can be utilized to exit and go into trades.Resistance levels: 0.7385, 0.7400, and 0.7450 Assistance levels: 0.7320, 0.7300, and 0.7265. The product has been supplied by InstaForex

By | April 13, 2018

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