country flagالعربية

NZD/USD Daily Technical Analysis | 9 February 2018

2018-02-09 09:14 am | Resource: Technical Analysis Section | No Views : 284

Our neutral view of NZD/USD as a result of the consolidation phase of the pair below the 0.7220 area on the 60 minute interval.

NZD/USD Daily Technical Analysis | 9 February 2018

The SMA 20 is neutral as a result of overlapping with the movement of the pair.
Relative Strength Index 14 We viewed it as neutral as trading between 50.98 and 42.15 areas.
It is expected that if the NZD crosses against the US currency, the levels of 0.7192 might target the level of 0.7120, while in case of a breach of 0.7240, the pair might target 0.7300.
Support: 0.7151- 0.7120 - 0.7050
Resistance: 0.7220 - 0.7261 - 0.7342
Trend: neutral

Other news

Dollar weakened as the outcome of US-China trade talks awaited

The dollar traded lower against the currencies as traders were also wary of looking for riskier assets awaiting developments on the trade front. The Fed cut its target overnight rate by a quarter percentage point on Wednesday, to a level of 1.75% to 2.0%, to offset slowing global growth and the risks partly associated with President Donald Trump's trade battles with China. This was the second Fed rate cut this…

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.