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pivot point; 0.6669
Resistance and Supporting levels is :
Resistance level is
1> Resistance level is: 0.6681
2> Resistance level is: 0.6693
3> Resistance level is: 0.6706
Supporting level is
1> Supporting level is: 0.6657
2> Supporting level is: 0.6645
3> Supporting level is: 0.6633
The NZDUSD is back to test the resistance of the descending channel appearing in the picture, and as long as the price is below 0.6665, our bearish outlook remains valid for today, noting that we need to break the 0.6614 level to make it easier to move towards our main target at 0.6515.
Trading prediction for Nzd USD
Still looking weak USA dollars so I'm expecting further down movement and it will be wise If we sold nzd USD
My indectors Direction,
Moving average= bearish trend
Rsi14= neutral
Suggestion,
Sell now Target for long term is around 0.63+
Rest Details on My chart.
I hope you will like it.
as it clear the weekly chart is uptrend and the last week candle was bullish and trading over ema50 line. the nearest resistant level at 0.8310
NZD/USD back to monthly pivot level (0.8191) after can retrace up at 3/10 ago. price closed still in bearish trend at friday. But, if we look from indicator mbfx, price had in the oversold area (0.8167-0.8140), so it can be estimated that price may be retraced up but limited.
New Zealand dollar / US dollar pair moves down on the hourly period, as OsMA histogram continues to develop in the negative zone. Apparently the correctional wave A resumed along the waves of Elliot. In such a stop, the price reduction was provided to levels 50.0, 61.8 Fib correctional grids, which corresponds to resistance levels 0.6628, 0.6617.
Resistance level is
1> Resistance level is: 0.6681
2> Resistance level is: 0.6693
3> Resistance level is: 0.6706
Supporting level is
1> Supporting level is: 0.6657
2> Supporting level is: 0.6645
3> Supporting level is: 0.6633
Current trend jo hai woh upward trend pe hai aur badme target hai 0.8300 then 0.8335 agar price niche ki aur gaya toh lowest point hai iska 0.8210, breaking the trend turn to the downside targeting 0.8175 then 0.8145
today's market technical over view for NZD/USD
according to market technical analysis the market have sell trend
the market trend could remain in this position
expected resistance and support levels
market price ----------0.6652
1- Resistance level----------0.6674
2- Resistance level----------0.6701
3- Resistance level----------0.6722
1- Support level-------------0.6625
2- Support level-------------0.6603
3- Support level-------------0.6576
NzdUsd technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a upward direction in addition to that we can see a BUY signal on the MACD indicator that is moving above the level 0 beside that the CCI line is located at the higher level to perform a upward signal on the chart of the this pair there is a main up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bullish direction then I will go for “BUY” positions.
resistance level 1 : 0.6779
resistance level 2 : 0.6742
resistance level 3 : 0.6708
pivot point : 0.6671
support level 1 : 0.6637
support level 2 : 0.6600
support level 3 : 0.6566
Current trend jo hai woh upward trend pe hai aur badme target hai 0.8300 then 0.8335 agar price niche ki aur gaya toh lowest point hai iska 0.8210, breaking the trend tur