InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    NZD/USD Trading Recommendations for 23rd June 2016

    analytics576b33857f1b2.png

    Show full picture

    We can see a wedge reversal in place, but we will not take a trade unless the price breaks the 0.7155 level. If the price breaks the 0.7155 level, it would correspond with a strong break of the RSI (21) ascending support level and from there, we can see a strong correction down to 0.7100.

    Trading recommendations:

    Sell limit at 0.7155

    Stop loss at 0.7215

    Take profit at 0.7100


    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