Technical analysis and trading suggestions for the NZDUSD currency pair since May 15, 2018 888011000 110888 NZDUSD currency pair continued its bearish rally, where, to date, already acquired by more than 500 points during 4 weeks. The Bears press the market, to the levels (0.7000, 0.6890), which numerous buyers saw as pivot points, decreased, and the quotes rise even more, where before it is a six-month low, showing the range of 0.6820/ 0.9780. The pair is overheated, and no one argues with this, however so far the descending interest stays and it will continue the stated course. Where is the point of assistance hiding? – there is no exact answer. Purchasers are hoping for a series of 0.6820/ 0.9780, but even near it, it deserves taking a look at clear decelerations and the resumption of “bullish” interest, before hurrying into long positions.Key Levels Resistance zones: 0.7000; 0.7180; 0.7250 * 0.7340 *. Support zones: 0.6820; 0.6700 *;0.6580. * Regular level< img width ="450″src=””alt=”analytics5afaddfc24635.png”/ > Please note: Predictions are not a direct overview of action!The material has actually been supplied by InstaForex Business

By | May 16, 2018

Leave a Reply

Your email address will not be published.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