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New Zealand dollar against the US dollar conducted a test of the 0.7000 level yesterday evening and bounced down strongly from there, approaching dramatically Our first main which resides at 0.6860, pending break this level to open the way towards 0.6500 areas.
NZDUSD pair targeting 0.6860 then 0.6500 levels in the coming period, provided that the price maintains stability below 0.7120. Expected trading range for today between 0.6860 support and 0.7095 resistance range.
SMA 50 supports the expected decline, with reference to the achievement of the objectives mentioned requires stability below 0.7105.
Expected trading range for today between 0.6750 support and 0.7000 resistance range
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.daily 30 or 40 pip profit easy.support and resistance indicator on chart.
Back New Zealand dollar against the US dollar to trade passively after approaching the level of 0.7000 yesterday, as price finds constant negative pressure of SMA 50, which supports the continuation of the downward trend within the main descending channel shown in the image.
NZDUSD is trading very slight passively in an attempt to move away from the level of 0.7000, and continue moving average 50 negative pressure on intraday trading and short-term, thereby supporting the continued trading within the main descending channel, and the main objectives of the expected start at 0.6860 and extend to 0.6500.
New Zealand dollar against the US dollar will continue to decline again approaching of our main first expected at 0.6860, waiting to break this level to confirm the extension of the bearish wave towards 0.6500 areas.
We will continue tipping the downward trend in the coming period with the support of 50 EMA, unless the breach of 0.7100 and stability above it.
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: If you see Fibonacci, the market had previously been located above the Fibonacci 261.8. Then the next target is at 423.6 fiboancci at 0.7006
Recommendation: Buy
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.daily 30 or 40 pip profit easy.support and resistance indicator on chart.
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