1 Attachment(s)
Technical & Theoretical Analysis for NZD/USD
Analysis for NZD/USD
Attachment 14687
From the given chart we get it that on time frame 4H, the NZDUSD pair has made a downtrend from 0.7051 to 0.6900. And from 0.6900 it has created a very little up trend and people thinking that it will go up now, but i am not thinking that it will go up now. It wont be too hurry to go up, like one or 2 weeks it will must go more down and has chance to make a new lower price with this pair. Because there is a strong support with 0.6900 and if it can cross that it may go lower price,
Resistance: R1:0.6994, R2:0.7051, R3:0.7094
Support: S1:0.6900
My signal: Sell with pair for 50/80 pips.@>-@>-