NZDUSD Analysis
1 From the 4-hour chart, the short-term gain of the exchange rate is blocked at the August 3 low of 0.6718, MACD re-established a dead fork operation, The exchange rate also fell below the short-term uptrend line, and the short-term biased downwards. Concerned about the support of 0.6542-0.6717, the 38.2% retracement of 0.6650 is supported. If the position is lost, the exchange rate may fall further to 61.8%. Position 0.6609 near support;
2 Above focus on the resistance near 0.6681, this is the resistance of the previous uptrend line. If it rises above the position, it will weaken the short-term bearish signal, and further resistance is near the Bollinger line 0.6725, if accidentally Breaking the position increases the bullish signal
Leave NZDUSD Analysis to:
Read more #forex posts
Best Posts From forexeye
We have not curated any of forexeye's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.
More Posts From forexeye
- AUDUSD Analysis
- USDCAD Analysis
- GBPUSD Analysis
- NZDUSD Analysis
- Australian Dollar Analysis
- EURUSD Analysis
- EURUSD Analysis
- USDJPY Analysis
- EURUSD Analysis
- AUDUSD Analysis
- GBPUSD Analysis
- USD Crude Oil Analysis
- EURUSD Analysis
- NZDUSD Analysis
- USDCAD Analysis
- GBPUSD Analysis
- USDJPY Analysis
- AUDUSD Analysis
- EURJPY Analysis
- EURCHF Analysis