Technicals

Add as a preferred source on Google

NZD/USD is trading above cloud, slight pullback till 0.7690 cannot be ruled out.

RES4 :0.7785 (138.2% retracement of 0.76125 and 0.71616) RES 3: 0.7711 (61.8% retracement of 0.80335 and 0.7175) RES2: 0.76630 (50% retracement of 0.7691 and 0.7390) RES 1: 0.7630 (Apr 3rd high) PRICE: 0.75945 @ 10:29 GM…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • RES4 :0.7785 (138.2% retracement of 0.76125 and 0.71616)

  •  RES 3: 0.7711 (61.8% retracement of 0.80335 and 0.7175)

  • RES2:  0.76630 (50% retracement of 0.7691 and 0.7390)

  • RES 1: 0.7630 (Apr 3rd high)

      PRICE:  0.75945 @ 10:29 GMT 

  • SUP 1: 0.7551 (20 day 4HMA)

  • SUP 2: 0.7487 (200 day 4HMA)

  • SUP 3: 0.7435 (50% retracement of 0.7183 to 0.76912)

  • SUP 4: 0.7390 (Apr 1st 2015)

Commentary:

NZD/USD has recovered after making a low of 0.7518. Overall trend is bullish as long as support 0.7480 holds.

On the downside minor support is around 0.7550 any break below will drag the pair further down till 0.7485/0.7435 level.

It is good to buy at dips around 0.7550 with stop around 0.7480 for the target of 0.7630/0.7690.

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560