InstaForex - Analytics

    InstaForex

    736.75 6.25/10
    62% of positive reviews
    Real

    Technical analysis of NZD/USD for November 25, 2015

    NZDUSDM30.png

    Show full picture

    NZD/USD is expect to reach 0.6605. The pair is trading above the rising 20- and 50-period moving averages, which are providing support and maintaining the bullish bias. The relative strength index is bullish and calls for further upside. As long as 0.6530 holds as the key support, the pair is likely to challenge its next resistance at 0.6605. A breakout above this level would call for a further advance toward 0.6640.

    Trading recommendations:

    The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. As long as the price holds above its pivot point, long positions are recommended with the first target at 0.6605 and the second target at 0.6640. In the alternative scenario, short positions are recommended with the first target at 0.6490 if the price moves below its pivot points. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6460. The pivot point is at 0.6530.

    Resistance levels: 0.6605 0.6640 0.6675 Support levels: 0.6490 0.6460 0.6430


    To leave a comment you must or Join us


    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree