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Technical analysis

15.02.201805:19 Forex Analysis & Reviews: Technical analysis and trading recommendations for the NZD / USD currency pair as of February 14, 2018

Long-term review

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The NZD/USD currency pair is working on the support level of 0.7180, turned around and fulfilled almost 80% of the previous fall. Currently, we see how the price has already reached the resistance level of 0.7340, feeling a periodic ceiling near it. It is possible to assume that the current value of 0.7340 may be excellent for short positions, which can be observed now. In the case of a massive "bear" interest, perhaps, we could pull to the value of 0.7280.

The second variation of the possible plot is the formation of the range within 0.7300 / 0.7350.

Key Levels

Resistance zones: 0.7340; 0.7430; 0.7550.

Support zones: 0.7280 *; 0.7180

* Periodic level

Draw your attention: Predictions are not a direct guide to action!

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