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NZD/USD fails to ignore the broad risk-off while keeping losses to 0.6465 during the early Monday’s Asian session. The kiwi pair nears the lowest since December 02, 2019, while also extending the downpour after the five consecutive weeks. The reason for the current selling emanates from China where fears of coronavirus outbreak have largely affected the economics. Traders will now concentrate on the Beijing reopen and Caixin Manufacturing PMI for fresh impulse.
NZDUSD
NEW ZEALAND DOLLAR / U.S. DOLLAR
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0.64587
USD
−0.00029 (−0.04%)
MARKET OPEN (FEB 03 10:49 UTC-5)
0.64616
PREV
0.64680
OPEN
96.608K
VOLUME
0.64528 — 0.64771
DAY'S RANGE
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
Best of luck.... 👍✌
NZD/USD registered its biggest weekly loss since June last week.
The pair has hit a fresh two-month low of 0.6453 in Asia.
New Zealand's Treasury expects a slower GDP growth rate in 2020.
NZD/USD fell to a fresh two-month low of 0.6453 soon before press time. The currency pair attempting a bounce in early Asia, but faced rejection at 0.6469.
nzd.usd
Resistance UP ^
pivot point # 0.6570
1#Resistance 0.6577
2# Resistance 0.6589
3# Resistance 0.6598
Support DOWN V
1# Support 0.6544
2# Support 0.6531
3# Support 0.6521
Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga
If there is no patience when we are doing our analysis in the forex market, I just wonder what would become of our trading accounts at the end of the day because of the fact about losses, people that have used patterns that makes sense would really understand that there are different challenges to be encountered in the forex market which means that we may face something that cannot be avoided in the forex market, without money management, different challenges would automatically surface that can make everyone that has a good knowledge to lose their trading account and our trading shows that we need to engage in some basic responsibility that would make it possible for us to gain ability to make money from the market as it stands.
the chart is showing that the pair has succeeded in closing it's weekly candle above level 0.8300 , and that's mean the up trend is still standing and the pair might head to 0.8350 and then 0.8400
The NZD/USD has been experiencing a meltdown of late and has finally broken its uptrend channel line at .8838 on Monday of this week
NZD/USD
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i express my opinion about this pair..
As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. after the understanding of pro EMA trading analysis. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side