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In the short term, the NZDUSD pair may test the 0.7272 level
NZDUSD
May 12, 2015, 11:08
Sell on a level breakthrough of 0.7327 with 0.7272 target. Stop loss = 0.7377.
Reason for the trading strategy
The Kiwi is consolidating before the publication of the RBNZ financial stability report. In addition, the continued growth of the AUD/NZD pair against the background of a decline of the key interest rate in China by 25 bps has put pressure on the New Zealand currency. Meanwhile, a possible weakening of the US dollar against the euro could contribute to an adjustment of the NZD/USD pair from the 0.7327 support level.
NZDUSD, H4
https://www.exness.com/media/media/2015/05/12/2_1.png
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pair- nzd/usd
time frame analysis- m30
http://i57.tinypic.com/de2xc9.jpg
the stoch indicator is moving out from the overbought level 80 and in the price chart its up movement is not able to break resistance at 0.7400 level and falling down side. short with take profit at 0.7340 and stop loss at 0.7420
good luck
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Bounce trading the New Zealand dollar against the US dollar up after level 0.7330 test, and is affected by price positively Stochastic, where moving ****ually towards SMA 50, which continues to form a barrier intraday resistance at 0.7495, as long as the price is below this level, we will continue tipping the bearish trend for today .
Break the 0.7330 level will push the pair to the next target at 0.6860, while 0.7495 breakthrough will lead to further price rise, which resides next target at 0.7635.
Expected trading range for today between 0.7250 support and 0.7495 resistance range
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Technically negative expectations are still based on the pair in New Zealand dollars especially after he made a pair of break two levels of support 0.7420 and 0.7390 and stability Aldnahm, which makes the pair for sale with all rise up the levels of 0.7390 resistance targeting 0.7271 and stop loss levels of support is in the penetration of digital resistance levels 0.7400 and closing Nilai candle four hours
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Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: There is a gap at the opening of this week, and the market had to close it at the price of 0.7494, above the Fibonacci 161.8. That is, the market will be bullish
Recommendation: Buy
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Welcome and thank you very much, my dear brother and I hope that everyone benefited from the Thread
And good luck to all users
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pair- nzd/usd
time frame analysis- m30
http://i60.tinypic.com/w012sz.jpg
the price is break its resistance at the 0.7400 level and moved to the higher resistance at 0.7510 level side. the stoch indicator is showing overbought so price may again falling down. short with stop loss at 0.7535 and profit target at 0.7425
good luck
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Bounce trading Zealand dollar against the US dollar up again after that Price found strong support at 0.7330, close to where the SMA 50 test, which is instantaneous resistance now at 0.7465.
As we pointed out in the morning, the price needs to remain below the mentioned level until bearish scenario remains valid for the day, as the breach and stability above it will provide an initial signals to stop the recent negative pressure and then shift to the upside.
Thus, we will keep our outlook issued in the morning with the support of the arrival of the stochastic overbought levels, what we have not seen a breakthrough and stability above 0.7465.
Expected trading range for today between 0.7250 support and 0.7495 resistance range
Spoiler: