Thread: Nzd/Usd
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Swirling the New Zealand dollar against the US dollar on the SMA 50, it shows some bearish slight tendency which could push trades to test the ascending minor channel shown in the image, where this support resides at 0.6605 support, constituting a significant barrier to the fate of the upside, as it represents breaking negative factor will stop the proposed positive scenario in our reports and the recent pressure on the price to drop further.
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For this time is clearly seen that signal buy is very good for you do OP at this point. This is because there has been confirmation that either the moving average lines that have done little intersection. With no indication that it will experience a significant increase on this day. It can happen and will penetrate the level of R2 0.6722 or even more than that level.
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.
pair- nzd/usd
time frame- h4
technical analysis-
the price in the up trend channel pattern with having support at 0.6680 level that has been break. the price may be make a pull up from the lower support at 0.6555 level. hold the long entry with stop loss at 0.6550 but if other side move above 0.6690 then long with take profit 0.6830
good luck
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.
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.
NZDUSD: collapse against the background of falling base interest rate in New Zealand
NZDUSD
March 10, 2016, 09:29
Sell on a level breakthrough of 0.6617 with 0.6563 target. Stop loss = 0.6667.
Reason for the trading strategy
The Reserve Bank of Australia has cut the key interest rate by 25 bps, down to 2.25%. According to Graeme Wheeler, the RBNZ Governor, "an even greater policy easing may be required in order for inflation to gain a foothold around the middle of the target range."
NZDUSD, H1
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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.
Time Frame - 1H
The pair is trending in a short range , as we expect that the RBNZ interest rate decision will be unchanged and the oversold areas touched by the stochastic so we are likely to see a resume of the bullish trend to target 0.6845.
and this will happen only if the pair hold above 0.6695 level , breaking this level will stop the bullish trend and reverse it on a short term .
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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.
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.
pair- nzd/usd
time frame analysis- h1
technical analysis-
the price is moving in the up trend channel pattern with having support at 0.6590 level and resistance 0.6630 level. it is falling down with breaking support and may continue in the major trend. hold the short entry with stop loss at 0.6660 and profit target at 0.6535 level.
good luck.
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.
Trading the New Zealand dollar against the US dollar slightly positively since this morning, supported by a positive stochastic, to keep our expectations upside List and effective so far, which mainly depends on stability above 0.6480, with reminders Home our goals that start at 0.6650 and extend to 0.6785 and then 0.6860.
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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.
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