country flagالعربية

NZD/USD Daily Technical Analysis | 6 September 2017

2017-09-06 04:54 am | Resource: Technical Analysis Section | No Views : 145

NZD/USD hits the entire bullish triangle formation during yesterday's trading, and the pair continued to rise against the major downside line that failed to stabilize above.

NZD/USD Daily Technical Analysis | 6 September 2017

It should be noted that, the simple moving average is trading with the movement of the pair to show the neutrality that currently controls the pair.
RSI 14 came back to trade below the bearish trend line as the pair failed to stabilize above and now, the indicator is facing the bullish trend line if broken, it will be very negative for buyers.
It is expected that if the New Zealand currency crosses against the US currency at 0.7205, it may target the 0.7168 level, but if breaching the 0.7262 level might target the 0.7297 level.
Support: 0.7205 - 0.7168 - 0.7132
Resistance: 0.7297 - 0.7336 - 0.7374
Trend: neutral

Other news

Sterling price fell against major with uncertainty due to Brexit

The pound came under pressure against its main rivals at the European session on Wednesday, as concerns over Britain's exit from the European Union intensified after UK lawmakers rejected Prime Minister Boris Johnson's proposed timetable for pushing the deal ahead of the October 31 deadline. Faradkar: Brexit will last for a long time  Irish Prime Minister Leo Faradkar predicted on Wednesday that Britain's pullout from the European Union "will last…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.