The New
Zealand Dollar versus the US Dollar stays consolidated for today just above the
0.6300 level and it seems to stall its bearish momentum. However, the bearish
trend is still in place as we can see on the daily chart with the 55 and 200
period exponential moving averages having a good angle of inclination and good
separation among them. If the price breaks below the 0.6300 level, then the
next round number level of the 0.6200 could act as support. To the upside, the
55 day exponential moving average (purple line), could act as resistance if the
price retraces to the upside as it did in the past.
Very good point of view.
ReplyDeleteVery nice tip I'll keep it in mind.
ReplyDeleteThanks for such an informative analysis.
ReplyDeleteLet's see how the fundamentals in the next two days will affect it.
ReplyDeleteVery good analysis the 0,6300 is to strong.
ReplyDeleteExcellent anaysis thank you.
ReplyDeleteThat's good to know, thanks!
ReplyDeleteGreat analysis, thank you.
ReplyDeleteGood analysis.
ReplyDelete