InstaForex - Analytics

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    Technical analysis of NZD/USD for March 30, 2016 2016-03-30

    NZDUSDM30.png

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    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. Therefore, long positions are recommended with the first target at 0.6885 and the second one at 0.6920. In the alternative scenario, short positions are recommended with the first target at 0.6725 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 0.6695. The pivot point is at 0.6780.

    Resistance levels: 0.6885, 0.6920, 0.6950

    Support levels: 0.6725, 0.6695, 0.6660


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