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    Technical analysis for the NZDUSD on 30.04.2015

    The NZDUSD has bounced down from 0.7730 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 125 pips Max. 0.7730

    Min. 0.7500

    nzdusd12

    The bulls have been making unsuccessful attempts to test 0.7730 resistance for three consecutive weeks. Yesterday the price bounced down from this barrier at high volume.

    Rebound from 0.7730 resistance occurred mainly on the back of the Interest rate Decision release in New Zealand at 00.00.

    Potential target for correction is situated at the ascending trend line of 0.7570 – its test will most likely trigger further uptrend.

    Alternative scenario: the breaking of 0.7555 support will be a good signal for the 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 has bounced down from 0.7730 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 125 pips Max. 0.7730

    Min. 0.7500

    nzdusd12

    The bulls have been making unsuccessful attempts to test 0.7730 resistance for three consecutive weeks. Yesterday the price bounced down from this barrier at high volume.

    Rebound from 0.7730 resistance occurred mainly on the back of the Interest rate Decision release in New Zealand at 00.00.

    Potential target for correction is situated at the ascending trend line of 0.7570 – its test will most likely trigger further uptrend.

    Alternative scenario: the breaking of 0.7555 support will be a good signal for the 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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