Technical analysis of NZD/USD for June 11, 2018 888011000 110888 Overview: The NZD/USD pair didn’t make considerable movement recently. The bias remains bullish in nearby term testing 0.7185 or higher. The NZD/USD pair continue to increase from the level of 0.6977 in the long term. It must be noted that the assistance is developed at the level of 0.6977 which represents the 23.6%Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same amount of time. Appropriately, the NZD/USD pair is revealing indications of strength following a breakout of the highest level of 0.7057. Buy above the level of 0.7057 with the very first target at 0.7121 in order to test the everyday resistance 1 and further to 0.7121. It might be noted that the level of 0.7185 is a great location to take revenue due to the fact that. On the other hand, in case a reversal happens and the NZD/USD set breaks through the assistance level of 0.6977 , an additional decline to 0.6848 can happen which would indicate a bearish market.The material has been provided by InstaForex Business- www.instaforex.com

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