Technical analysis of NZD/USD for March 15, 2019 888011000 110888 Summary: The set is still trading around the daily pivot point of 0.6882. The NZD/USD pair breached resistance which had become strong support at the level of 0.6705 today. The level of 0.6705 coincides with a golden ratio, which is anticipated to serve as major support today. The RSI is thought about to be overbought, because it is above 70. The RSI is still signaling that the trend is up as it is still strong above the moving average( 100 ). Besides, note that the pivot point is seen at the point of 0.6882. This suggests that the pair will probably increase in the coming hours. Appropriately, the marketplace is likely to show indications of a bullish pattern. To put it simply, purchase orders are advised to be put above 0.6800 with the first target at the level of 0.6882. From this point, the pair is most likely to start a rising movement to the point of 0.6882 and further to the level of 0.6984. The level of 0.6984 will serve as strong resistance. On the other hand, if there is a breakout at the assistance level of 0.6705, this scenario might end up being invalidated.The product has actually been supplied by InstaForex

By | March 15, 2019

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