NZD/USD rebounded from 0.6420 but I think the trend is obviously bearish for the moment, so I think we can expect a breakout below that level eventually.
The pair remains undecided above 0.6420, but the move to the downside will likely continue this week.
NZD/USD pulled back from 0.6500, I think we will soon see it test 0.6420 once more.
The pair rebounded from 0.6440 and formed a new local high at 0.6522, I think we will soon see it reach 0.6565.
The pair has pulled back from 0.6530 for the moment but I think the move north to 0.6565 may continue.
NZD/USD broke out above 0.6565 and I think it will rally above 0.6600 too.
The pair reached 0.6600 and is testing that resistance level for the moment. If it breaks out above it next target will be around 0.6675, I think.
Although NZD/USD pulled back from 0.6600 it seems that today it will make another attempt to break out above it. If it does I will open longs.
Oct 24 2018 at 01:01
Very good analysis and follow up on the NZDUSD. The pair is in a well-defined bearish channel, with a good resistance at the 55 day EMA and the 0.6600 level. The pair is currently around the 0.6550 level, but the 0.6500 level may act as support.
Thank you! The pair clearly continues to develop within the channel and I think it may depreciate to 0.6500. If it breaks out below that level we may see it fall to 0.6420.
The pair broke out below 0.6500 as I thought it would, I think it will reach the next support at 0.6420 before the end of the trading week.
NZD/USD is range-bound for the moment, next target to the upside is at 0.6600, I think.
The pair broke out above 0.6600 and I think it will keep moving north 0.6750.
NZD/USD is slowly moving north, let's see how hill it will rally this week.
The has almost reached 0.6700, but I think any further development depends on the results of the American elections today.
It rallied hard after the elections and I think we will see it reach 0.6800.
It pulled back from 0.6820 and we may see it begin some correction until the end of the week.
Nov 09 2018 at 04:08
Very good follow up on the NZDUSD. The pair reaches the 200 day EMA at the 0.6774 level from where it bounces to the downside. If it continues falling, the 0.6700 level could act as support, since it was resistance in the past. Below the 0.6700 level, the 55 day EMA around the 0.6609 level could also act as support.
Thank you!
I too think next target will be around 0.6700, but let's see whether there will be a breakout below that level too.
I too think next target will be around 0.6700, but let's see whether there will be a breakout below that level too.
Nov 11 2018 at 00:53
Good resistance and false breakout on the NZDUSD around the 200 day EMA at the 0.6774 level. To the downside, the 0.6700 level may act as support, followed by the 55 day EMA at the 0.6609 level. Above the 200 day EMA, the pair has the road clear to the 0.7061 level.
