Trading Conditions
Products
Tools
On the H1 chart, NZD/USD is currently doing a rally above the level of 0.6826 with a focus on 0.6860. We can expect a breakout over there to reach new highs, but as long as the kiwi succeeds in performing a pullback at current levels, we can see a re-test of the 200 SMA in this time frame, which is slightly bullish.
H1 chart's resistance levels: 0.6860 / 0.6893
H1 chart's support levels: 0.6826 / 0.6793
Trading recommendations for today: Based on the H1 chart, place buy (long) orders only if the NZD/USD pair breaks a bullish candlestick; the resistance level is at 0.6860, take profit is at 0.6893, and stop loss is at 0.6828.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.