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the pair is trading now above the level of 0.8600 and that's mean the uptrend is still standing and the pair might reach 0.8650 , but if the pair succeeded in breaking 0.8600 , it will continue in down trend heading to 0.8570 and then 0.8540 , good luck .
Intraday trade:
If a M15 close above 0.8646 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8610 sell only and do not buy. If price closes back above it again do nothing
The range 0.8646 and 0.8610 is neutral area, any trade done in between is personal decision and not part of this analysis
The New Zealand dollar tumbled to a 12-day low against its U.S. counterpart on Thursday, after Japan stepped in the foreign exchange market to prevent further appreciation of the yen, while market uncertainty saw investors shun riskier assets.
the pair and as we can see from the chart is trading now above the level of 0.8500 , so when ever the pair success in breaking 0.8500 and closing 4h candle under it , that's mean the down trend will be assured and the pair might head to 0.8460 and then 0.8430
Price is currently at 0.8520, and is in the area between the BB-3 with W SD W SD BB-2.
if so will prices rising, the next observation points are at:
1.) BB W SD-2 0.8529
2.) BB W SD-1 0.8614
even if the price is DECREASING onwards, the dots are on the next observation:
1.) BB W SD-3 0.8443
2.) BB M SD-1 0.8375
i think its the best time to buy since the price comfortably bouncing on my first support, i will set my Tp at first resistance on 0.8570, they probably touch that level on tomorrow morning, we will see:)
Intraday trade:
If a M15 close above 0.8489 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8342 sell only and do not buy. If price closes back above it again do nothing
The range 0.8489 and 0.8342 is neutral area, any trade done in between is personal decision and not part of this analysis
The New Zealand dollar is pressured with downbeat growth signals with signs the U.S. economic recovery is losing momentum all worsening the outlook for the global recovery and denting demand for the commodity currency.
the pair has succeeded in breaking 0.8400 and reached 0.8430 , so that's mean the up trend is still standing and the pair might head to 0.8460 and the 0.8480
The pair is in downtrend so down movement until 0.8280 is expected. But if price able to break 0.8400, we'd see up movement hitting 0.8465,