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    Technical analysis for the NZDUSD on 24.04.2015

    The NZDUSD is consolidating around the ascending trend line at 0.7525

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.7725

    Min. 0.7415

    nzdusd10

    Correction down from 0.7725 resistance has halted at around the ascending trend line of 0.7525. Close to the trend line lies 0.7535 support, which acts as additional barrier.

    Trading volumes are low – downside correction is gradually sizzling out. Consolidation is expected to occur at 0.7735 – 0.7725.

    The longer the price consolidates within the above mentioned range, the bigger will be the rebound up. Potential growth targets are situated at 0.7610, 0.7670, 0.7730.

    Alternative scenario: the breakout of the ascending trend line at 0.7525 will support continuation of the downside correction.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The NZDUSD is consolidating around the ascending trend line at 0.7525

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 130 pips Max. 0.7725

    Min. 0.7415

    nzdusd10

    Correction down from 0.7725 resistance has halted at around the ascending trend line of 0.7525. Close to the trend line lies 0.7535 support, which acts as additional barrier.

    Trading volumes are low – downside correction is gradually sizzling out. Consolidation is expected to occur at 0.7735 – 0.7725.

    The longer the price consolidates within the above mentioned range, the bigger will be the rebound up. Potential growth targets are situated at 0.7610, 0.7670, 0.7730.

    Alternative scenario: the breakout of the ascending trend line at 0.7525 will support continuation of the downside correction.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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