Capital Trust
Capital Trust
images

Dec 03, 2016

04:57 AM EDT


  • New York close
  • London close
  • Tokyo close
  • Sydney close
Market Analysis

Home » Technical Analysis » NZDUSD Aligning Historical vs Now Moment Sellers

NZDUSD Aligning Historical vs Now Moment Sellers

Posted by tarantulafx in Technical Analysis - June 18th, 2015 2:56 pm GMT

18.06

NZDUSD has a positive correlation to EURUSD and its rallying towards near term historical sellers. Given recent RBNZ governor’s comments and technical decline we can still assume that NZDUSD is bearish. Currently NZDUSD is following EURUSD strength and USDx weakness and current retracement (loss of momentum) could be countered around 0.6990-80. POC shows 4x time toptrend line, 78.6, Historical L3 and all that below a trend line which is holding the round number resistance ( 0.7000 ). The target could be 0.6910 which corresponds to L4 support and Higher Low trend line confluence.

 

Share!Share on FacebookTweet about this on TwitterShare on LinkedInShare on Google+

No comments yet.

You must be logged in to post a comment.

Forex, Commodities, Indices

Daily Updates

Daily Updates


Get the latest fundamental analyses, technical analyses and the most up-to-date Forex news catered to your interests, everyday.