Technical analysis of NZD/USD for May 15, 2018 888011000 110888 All our disadvantage targets which we anticipated in yesterday’s analysis have actually been hit. The pair taped a series of lower tops and lower bottoms since May 11, which confirmed an unfavorable outlook. Both declining 20-period and 50-period moving averages must press rates lower. The relative strength index is bearishand calls for a more downside. For this reason, as long as 0.6940 hangs on the advantage, try to find a drop with targets at 0.6820 and 0.6800 in extension.Chart Explanation: The black line reveals the pivot point. Presently, the price is above the pivot point which is a signal for long positions. It will indicate brief positions if it stays below the pivot point. The red lines reveal the support levels, while the green line indicates the resistance levels. These levels can be used to exit and enter trades.Resistance levels: 0.6960, 0.6985, and 0.7010 Support levels: 0.6820, 0.6800, and 0.6750 The product has actually been provided by InstaForex Business-www.instaforex.com

Leave a Reply

Your email address will not be published.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