The New
Zealand Dollar versus the US Dollar has stayed in a range between the 0.6500 as
support and the 55 day exponential moving average (purple line), around the
0.6577 as resistance. Today was an up day for the pair but it still couldn’t
break above the 55 day EMA, as shown on the daily chart. A breakout above the
55 day EMA could make the price gain some bullish momentum and its next
resistance could be the 200 day EMA (blue line), around the 0.6800 level. To
the downside, its first support below the 0.6500 level could be the 0.6428
level. Below the low at the 0.6428, its next support could be the 0.6236 level.
I will watch the important level, thanks for the analysis.
ReplyDeleteGood resistance and support levels.
ReplyDeleteExcellent Analysis! Thanks.
ReplyDeleteGreat post! Thank you!
ReplyDeleteThe pair rallied today and will probably reach the resistance around 0.6800.
ReplyDeleteVery useful analysis, thank you!
ReplyDeleteInteresting analysis, thank you.
ReplyDeleteGreat post.
ReplyDeleteGreat analysis.
ReplyDelete