Technical Analysis

Consumers in NZDUSD ship the pair towards the week highs (and away from 200D MA)

zero.6886 is the excessive for November

The NZDUSD is discovering some patrons into the London/European shut/weekend.

The worth has moved to a brand new session excessive and within the course of is shifting away from the 200 day MA beneath at zero.6860 and appears to check the November excessive (excessive since June) at zero.6886.  The excessive simply reached zero.6885. Cannot get any nearer to the excessive than that. 

Can the pair break greater. 

In that case, the 50% of the transfer down from 2018 excessive is available in at zero.6930. That will be a goal. After all, the danger can be fairly excessive going into the weekend. A great assembly with US/China can be good for the NZD.  A nasty assembly and the worth can tumble again decrease.   So take the danger into consideration.   

ForexLive


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