Subscribe via RSS Feed

Key Trading Levels For NZD USD

June 23, 2014 0 Comments

Our team of analysts has identified a bullish opportunity on the chart forduring the currency pair New Zealand Dollar (NZD / USD), traders may try to take a short-term long position.

CHART ANALYSIS

nzdusdThe graphical analysis of hourly data parity Dollar Currency Dollar New Zealander (NZDUSD) identifies an uptrend in the short term.

In trend indicators, the moving average 20 hours (dark blue) acts as a support for courses.

Aside of our oscillations battery mathematical indicators, especially our tools, signals are buyers.

SHORT TERM FORECAST

Against key graphics factors we have mentioned, our view is positive in the short term on the Dollar New Zealand Dollar (NZDUSD).

Our entry point is at 0.8723 USD. The objective of the course of our bullish scenario is to 0.8780 USD. To preserve capital committed, we advise you to position a protective stop to 0.8695 USD.

The expected return of this Forex strategy is 57 pips and the risk of loss is 28 pips.

Filed in: US Dollar Forecast

About the Author:

Providing technical reports and forex news each day on major currencies and economic data. covering the US Dollar, Euro, British Pound and more. Contact me if you would like your news published here. Free Forex News

Leave a Reply

You must be logged in to post a comment.