From the technical point of view, we can see that the pair has reached exactly up to its upper trend line which has accompanied the pair over its last moves.
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From the technical point of view, we can see that the pair has reached exactly up to its upper trend line which has accompanied the pair over its last moves.
NZD/USD reached a new all time high on Friday at 0.8670 and retreated afterwards to finish the week around 0.8640. The pair posted the fourth weekly gains in a row and has risen 650 pips since June 27.
kal raato nzdusd bahut gir gaya par usne wapis recover bhi kar diya, mujhe lagta hai ye neeche bahut jaa sakta hai par iska llongterm uptrend ki taraf hai
i think going Long positions above 0.825 with targets at 0.8395 and 0.8475 in extension.
and for moving below 0.825 look for further downside with 0.82 and 0.81 as targets.
good trade
The New Zealand dollar is pressured with downbeat growth signals with signs the U.S. economic recovery is losing momentum all worsening the outlook for the global recovery and denting demand for the commodity currency.
First target could be 0.8470 for 200 pips. Of course would try to trail second position for maximum profit with swings (roomy trail stop could be for about 200 pips too).
If a M15 close above 0.8197 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8071 sell only and do not buy. If price closes back above it again do nothing
The range 0.8197 and 0.8071 is neutral area, any trade done in between is personal decision and not part of this analysis
topping formation that will project deeper setbacks towards the 0.7750 area over the coming days. In the interim, look for intraday rallies to be well capped below 0.8400.
NZD/USD fell hard on Wednesday as the markets around the world fell. The pair most certainly has plenty of support in the .80 area, and a bounce could come there, but we are starting to see that it is a bullish market that seems easy to knock back down
the pair is trading now above the level of 0.8100 and that's mean the uptrend is still standing and the pair might reach 0.8200 , but if the pair succeeded in breaking 0.8100 , it will continue in down trend heading to 0.8070 and then 0.8030