NZDUSD has broken the resistance level at 0.8224. Then, the breaking also show that the buyer give a pressure in to market. I think it will open a way for NZDUSD to reach the next resistance level at around 0.8274
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NZDUSD has broken the resistance level at 0.8224. Then, the breaking also show that the buyer give a pressure in to market. I think it will open a way for NZDUSD to reach the next resistance level at around 0.8274
I think the NZDUSD is at posis great place to do a reversal, as if seen from h4 time frame you can draw a direct line with the downtrend trenline that happened the day before ..signall to sell this currency pair with a target of 50 pips
The pair New Zealand dollar against the U.S. dollar based well above the support the general bullish trend Fib at 0.8175, where the price appears positive settle trades above 0.8200
From here, the upward trend will remain intact and likely supported by the stochastic and moving average 50, and main targets start at 0.8400 then 0.8500, while requiring achieved stability above 0.8175
Expected trading range for today is between: Support 0.8175 and resistance 0.8500
General tendency is expected for today: up
Updated
Significant positive trades appear on the pair of the New Zealand dollar against the U.S. dollar since the morning, which shows the influence of positive stochastic clearly on intraday trading.
In general, the positive expectations remain valid and effective for the day Stability above 0.8175
As trading occurs on currency comparison, it is easy to trade NZD/USD in any economic environment. Interest rate differentials can play an important part in the NZD/USD exchange rate with traders.
i think if in the European session now there are negative sentiment from traders likely the price will go down before reaching the turning point in the daily ressisten level (0.8288).
the previous day had been able to ride NZDUSD advance than other pairs against usd, is due fundamental.for news today I think this pair has a chance to get back down to 8194,Sell vote for this day
The pair succeeded in the New Zealand dollar against the U.S. dollar with the breach of 0.8300 and stability with daily closing above it, which provides a positive signal additional support continuation of the general bullish trend.
Additional ongoing support comes from the stochastic and moving average 50, to continue in our expectations for the bullish trend that targets levels 0.8500 initially, while the realization of which requires stability above 0.8185
Expected trading range for today is between: Support 0.8250 and resistance 0.8550
General tendency is expected for the day: UP
If the movement turns and pair NZDUSD failed to break the resistance level 0.8350, the market will show further decline to 0.8313 level which indicates bearish mood to reexamine the weekly pivot point at 0.8276 level.
NZDusd can sell now...our candle say it's be down next starting days....our previews provit candle say it....so if u sell this time u can win huge pips from this pairs....
best of luck.....:yahoo: