1 Attachment(s)
Technical & Theoretical Analysis for NZD/USD
Technical and Theoretical Analysis for NZD/USD:
Attachment 14737
Still it looks that the pair still on downtrend and if you look the chart it will be much clear that the pair will go more down within few days because there are lots of news about USD and NZD in this week. Look the char that there are strong resistance with 0.7022 and 0.7051 abd there is little bit chance to cross it. Everything can be possible but sometimes you can predict something comparing with upcoming news.
Resistance: 0.7022, 0.7051
Support: 0.6955, 0.6876
There are two support with 0.6955, 0.6876 and look the chart that its already did a single try to cross it to 0.6955 but hopefully this week it may cross it successfully. So suggesting everyone to put Sell with this pair.