NZDUSD - Monday Update - From last WeekANALYSIS ON NZDUSD
Welcome to my analysis
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1 Hour Chart
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Interesting Point of interest In the NZDUSD pair.
- Price below the 200 day EMA.
- Expecting more upward momentum.
- Price also seating on the 50% fib retracement level. Price could move the the 38.2% fib level so keep an eye out.
Stay Tuned
Nzdusdbreakout
NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.62590 where it could potentially react off and up to 1st resistance at 0.63191.
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NZDUSD reversed from resistance, potential drop!
NZDUSD reversed off its resistance at 0.63355 where it could potentially drop further to 0.62772.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
NZDUSD approaching resistance, look out for potential reversal!
NZDUSD is approaching its resistance at 0.63355 where it is could reverse down to its support at 0.62772.
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