Parity NZD / USD continued its upward movement and is testing 0.7571 after making a pullback on the upper limit of the old bevel down.
All indicators are bullish.
Parity NZD / USD continued its upward movement and is testing 0.7571 after making a pullback on the upper limit of the old bevel down.
All indicators are bullish.
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If a M15 close above 0.7600 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7500 sell only and do not buy. If price closes back above it again do nothing
The range 0.7600 and 0.7500 is neutral area, any trade done in between is personal decision and not part of this analysis
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after a look on the screenshot we can see the pair has ended it's daily candle under the level of 0.7550 , and that's mean that the down trend is still standing and the pair might reach the level of 0.7500 today just if does not reached it tonight .
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If a M15 close above 0.7600 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7500 sell only and do not buy. If price closes back above it again do nothing
The range 0.7600 and 0.7500 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the trading now above the level of 0.7550 will make the uptrend expected and the pair might continue in it's upmovements heading to 0.7590 and and that's before bouncing from the resistance levels , good luck .
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If a M15 close above 0.7600 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.7400 sell only and do not buy. If price closes back above it again do nothing
The range 0.7600 and 0.7400 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
NZD/USD opened on an upper gap. additionally moved a range of 75 pips that made Pair exhausted and this appeared clear on the engulfing bearish candle.
In case of rise to 7575 zone, Short option is good.
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Of all the major currency pairs, this is the first one to officially negate the October price action, with the market reversing sharply in November and taking out the critical early October lows. From here, there are risks of deeper setbacks and we see next key support at 0.7110 being tested over the coming days. Any intraday rallies should be well capped below 0.7600 on a daily close basis.
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down trend line has been broken as you see in the folloing chart, so
Up movements will be expected till the next resistance
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According to my personal experience and market signals of the pair NZD/USD is on Selling position. the current price of this pair is 0.74865
So, the NZD/USD might be touches the 0.74450 .
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