Technical Analysis

NZDUSD continues to consolidate the sharp positive factors

Intraday clues eyed

The NZDUSD shot greater on the “much less dovish” RBNZ assertion/feedback.  The value earlier than the discharge was buying and selling between the 100 day MA aat zero.6721 and the 200 day MA at zero.6751. The run greater took the value as much as zero.68513, earlier than retracing towards the 38.2% of the transfer greater right this moment at zero.68025.  Holding above the 38.2% retains the patrons in management.  PS the value did dip again under the 200 hour MA (at zero.681018) however is again above at present. Watch the 200 hour MA for intraday clues now. Transfer under is extra bearish. Keep above is extra bullish. 

Intraday clues eyed

Drilling to the 5 minute chart, the pair simply moved under the 100 and 200 bar MA on that chart at zero.68189 stage.  That does tilt the intraday bias just a little extra to the draw back.  Affirmation of extra draw back potential would wish to see the 200 hour MA at zero.68103 and a transfer under the 38.2% and the zero.6800 stage.  

NZDUSD on the 5-minute is trying to tilt a little to the downside after the sharp run higher, but more downside levels need to be broken.

ForexLive


Clickbank Promo Tools
Wiadforex
Wiadforex is a big online financial news, technical, fundamental analysis, trade ideas, option and educational site with a focus on Nigeria, Africa and world in general. This is an independent online forex platform. That is publish by Wiad Consultancy Services
http://www.wiadforex.com

Leave a Reply

Your email address will not be published. Required fields are marked *


Recommended Clickbank Products