NZDUSD Analysis

in #forex7 years ago

New Zealand dollar against the US dollar: pay attention to the resistance around the 20-day moving average of 0.6617;

1 )From the daily chart, the exchange rate rebounded near the 0.65 integer mark, MACD also has signs of forming a golden fork, the short-term is expected to continue the rise, the initial resistance in the vicinity of 20-day moving average 0.6617, September 6, high resistance are close to this position, if the position of bursting, bullish signal line is increased, further resistance near the high August 31 0.6661;

  1. Primary side Support is near the 10-day moving average of 0.6661, and the overnight low support is around 0.6541. If the accident falls below the position, the short-term bullish signal is weakened;
    3 )resistance: 0.6617; 0.6661; 0.6683;
    4)support: 0.6561; 0.6541; 0.6500

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