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22.06.201806:23 Forex Analysis & Reviews: Technical analysis of NZD/USD for June 22, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 22.06.2018 analysis

On the daily chart, we see the divergence between the NZD/USD price and the Stochastic Oscilator. This means the pair will try to test 0.6920 in a few days as the first target and 0.7057 as the secondy target. As long as the pair does not break out and closes below 0.6813, the price will try to test both targets.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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