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    EUR/NZD : analysis for April 06, 2015

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    Overview:

    In our last analysis, EUR/NZD was trading downwards. The price has tested the level of 1.4426 in a volume below average. We face very low volatility (due to bank holidays) today, so be careful when trading. Anyway, I found upward channel according to the 4H time frame, and we can observe testing of lower diagonal (support). We are awaiting for a clear direction for better possibilities. The short term trend is bullish, so buying positions are preferable. First resistance level is around 1.4475.

    Daily Fibonacci pivot levels:

    Resistance levels:

    R1: 1.4491

    R2: 1.4511

    R3: 1.4544

    Support levels:

    S1: 1.4425

    S2: 1.4406

    S3: 1.4374

    Trading recommendations: The short term trend is bullish, so be careful when selling EUR/NZD at this stage.


    Petar Jacimovic neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
    InstaForex Group © 2007-2015

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