NzdUsd- 0.7 zone is a strong sell After consolidating around a week above the important 0.7 figure, NzdUsd has broken below, confirming the continuation of the recent down trend.
At this moment the pair is trading in the support zone and we can have a small rebound.
This corrective rally can be a good opportunity for bears to open short positions slightly under 0.7
Nzdusdshort
NZD/USD 2 Entries Running In 250 Pips , New Update Here This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Bearish outlook on NZDUSDPrices are holding below a key resistance area at 0.7050 in line with the 38.2% Fibonacci retracement where pullback to test this area presents an opportunity to play the drop. A break below the support area at 0.7020 could see price push lower, with the next support target at 0.6980.
NZD/USD:FUNDAMENTAL ANALYSIS+PRICE ACTION+NEXT TARGET ⚡️New Zealand Westpac Consumer Confidence for the third quarter was reported at 102.7. Forex traders can compare this to New Zealand Westpac Consumer Confidence for the second quarter, reported at 107.1. New Zealand Credit Card Spending for August decreased 6.3% annualized. Forex traders can compare this to New Zealand Credit Card Spending for July, which increased 6.9% annualized.
US Housing Starts for August are predicted at 1,555K starts, and Building Permits at 1,600K permits. Forex traders can compare this to US Housing Starts for July, reported at 1,534K starts and to Building Permits, reported at 1,630K permits. The US Current Account Balance for the second quarter is predicted at -$191.0B. Forex traders can compare this to the US Current Account Balance for the first quarter, reported at -$195.7B.
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NZD/USD Both Entries Running In 180 Pips , New Entry Added This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions