NZD/USD is a well payer in forex market. this payer is always up and down. i seem this week nzd/usd payer fall down.
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NZD/USD is a well payer in forex market. this payer is always up and down. i seem this week nzd/usd payer fall down.
NZD/USD back to monthly pivot level (0.8191) after can retrace up at 3/10 ago. price closed still in bearish trend at friday. But, if we look from indicator mbfx, price had in the oversold area (0.8167-0.8140), so it can be estimated that price may be retraced up but limited.
Pair no matter what at the end of the week yet again resumed its fall and broke through the support level of 8180, a course similar to the north does not want to go, we mean to sell, for the next week, I think should be to support 7930.
Up movements are expected at the next week , the best place to buy it
at 0.8135
Spoiler:
NZDUSD is in bearish sentiment now. Today, NZDUSD opening price is below 0.8173 level. I think if NZDUSD can break the last Friday's low, this pair will continue falling today and has a potential to reach the support level at around 0.8126 or lower. But if NZDUSD can rise and break 0.8173, this pair may goes up to the 0.8224 resistance level.
Positif movement occurs in pair NZD/USD and until now had gained approximately 20 pips from the opening price in asian session. If there is a strengthening trend that would allow price to move higher up to 0.8222 as a weekly pivot level.
Nzd/usd technical analysis for 08.10.2012 by using : Auto pivot indicator.
resistance 3:0.8366
resistance 2:0.8317
resistance 1:0.8249
pivot point :0.8200
support 1:0.8132
support 2:0.8083
support 3:0.8015
The pair New Zealand dollar against the U.S. dollar, breaking down the main support for the ascending channel that has now turned into resistance at 0.8185, and stability below the mentioned level provides signals to a further decline in the long intraday.
In contrast, SMA 50 continues to protect chances of returning for the bullish tendency, and this is what makes us stand on the neutrality principle in order to monitor the disposal price for the pivotal levels between support 0.8145 followed by 0.8065, and 0.8185 resistance
Expected trading range for this week between: support 0.8000 and resistance 0.8400
General tendency is expected for this week: neutral
On the H1 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
50 RSI is below 50 indicates area trend is still down
Range :0.8117-0 .8245
Option: Short
Take profit: 0.8245
My expectations for NZDUSD today
If the price broke through 0.8208 resistance to higher purchase and the second goal when Resistance at 0.8239
If the price broke through 0.8146 support to the bottom of the sale and the target at 0.8115 support