Nzdusd Analysis – NZD/USD price breakout
This is an update for NZD/USD, The pair is presently hovering around the trend line shown in the chart. we’re predicting for price breakout. we hope our signals could be of best use for you, thus SELL on 0.69969 and place your TARGET at 0.69669
In Other View Point – Ascending channel hold?
The ascending channel of $NZDUSD same like $NZDCAD. we ar eagerly expecting a price action on this level. based on PA we will decide about our trade.
In Another View Point – NZDUSD capped at 50% Fib, slips back below 200-DMA, stay short
NZDUSD retrace capped at 50% Fib, slips back below 200-DMA, breaks below 61.8% Fib level. The pair has pared some losses to edge higher from session lows at 0.6971, bias lower. Technical studies point to downside, RSI, Stochs and MACD are biased lower. Strong support seen at 0.6951 (weekly 50-SMA, violation there could see further drag. Bearish invalidation above 0.7080 level. Support levels at – 0.6984 (61.8% Fib), 0.6951 (July 21 low & weekly 50-SMA), 0.69 Resistance levels at – 0.70, 0.7025 (5-DMA), 0.7032 (200-DMA)0.7080 (50% Fib) Good to go short on rallies around 0.70, Stop Loss : 0.7050, Take Profit: 0.6951/ 0.69/ 0.6875/ 0.6850.
In Another View Point – NZDUSD Bat pattern long opportunity at last week’s low
We know you must be thinking that it is not a good idea to go against the USD. I kind of agree but there is a very nice pattern setting up. We see M30 divergence and overall the H4 is showing sellers weakness. This maybe a slow trade as it is thanksgiving in the US but let’s see how this pans out.