the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8500 , and that's mean the up trend is still standing and the pair might head to 0.8540 and then 0.8570
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the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8500 , and that's mean the up trend is still standing and the pair might head to 0.8540 and then 0.8570
the RSI is supported by a rising trend line on 1hr chart,
Long positions above 0.847 with targets @ 0.854 & 0.8615 in extension
&
Below 0.847 look for further downside with 0.842 & 0.837 as targets
If a M15 close above 0.8520 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8400 sell only and do not buy. If price closes back above it again do nothing
The range 0.8520 and 0.8400 is neutral area, any trade done in between is personal decision and not part of this analysis
as it shown on the 4 hr chart the pair is up trend and now giving a sign to some correction down. but anyway it trading over ema50 line. we will wait to see if it can break the up trend and close under it with this recent 4 hr candle
any additional gains from here are seen as limited with a lower top sought out somewhere around 0.8500 in favor of the next major downside extension and bearish resumption.
as we can see on the chart , the pair is trading under the level of 0.8600 , any way if the pair succeeded in breaking 0.8600 , it will continue in it's up movements heading to 0.8630 and then 0.8660
expect appreciation of the New Zealand dollar to a level of resistance 0.8570.Poslednite crosses between moving averages are bullish, stochastics overbought zone left, which signal a decline. In general, technical indicators submitted conflicting signals
If a M15 close above 0.8540 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8400 sell only and do not buy. If price closes back above it again do nothing
The range 0.8540 and 0.8400 is neutral area, any trade done in between is personal decision and not part of this analysis
NZ economy has improved as New Zealand’s economy has ability to exit from the hurdle phase faced after the February quake, while the nation has a lot of resources that help the economy to rebound once again this quarter, boosting demand for the NZ dollar.
the chart is showing that the pair has succeeded in closing it's daily candle above level 0.8500 , and that's mean the up trend is still standing and the pair might head to 0.8550 and then 0.8580