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pair- nzd/usd
time fram- m30
http://i61.tinypic.com/f74w3.jpg
technical analysis-
the price is moving up from the support at 0.6620 level and moved to the higher resistance at 0.6710 level. its not able to break and will again falling down. the stoch indicator is also down side. short with profit target at 0.6650 and stop loss at 0.6730
good luck.
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Fluctuate against the US dollar NZD pair on the level of 0.6650 since yesterday, while losing the stochastic intention positive ****ually nearing overbought areas, which supports the rebound opportunities down and resume the main bearish trend, which depends on stability below 0.6860 and 0.6920 levels.
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Attempts New Zealand dollar versus positive US dollar stopped yesterday when the price found barrier good resistance shape SMA 50, in conjunction with the arrival of the stochastic overbought areas and therefore, these factors reinforce our expectations consistently bearish trend in the coming period, and that target level 0.6500 main station next.
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Fluctuating New Zealand dollar against the US dollar within a narrow path since this morning around 50 SMA, and as the price below the level of 0.6860, the outlook for the downside still exist and effective, waiting to move towards 0.6500 level, which represents the first objective of the current bearish wave.
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New Zealand dollar against the US dollar ended trading last Friday to passively moves below 50 SMA, upping expectations to resume the main bearish, which is organized within the descending channel, where our main Next resides at 0.6500.
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Main ye thread NZD/USD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.
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The pair was unable to reach the support level 0.8173 twice, so the price is expected to rise to the resistance level at 0.8224
for the next week, I think should be to support 7930
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Hovering against the US dollar NZD pair around SMA 50 since the morning, while the overall trend is still intact bearish price below the level of 0.6860, waiting for targeting 0.6500 key level next station.
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Scenario Iorani to the field of currency NZD trading dollars on the stability of the exchange rate over the pivot $ 0.6700 support which is likely to rise in currency prices even level $ 0.6730, with the possibility of coming into contact with the second target $ 0.6780 at the level of the current trading day, that in the event of currency prices witnessed buying pressure on the New Zealand dollar In contrast to the selling pressure on the US dollar prices.