26.11.201415:37 Forex Analysis & Reviews: Technical analysis of NZD/USD for November 26, 2014

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Fundamental overview:

NZD/USD is expected to consolidate with a bearish bias after hitting a two-week low 0.7764 on Tuesday. It is undermined by lower inflation expectations in the Reserve Bank of New Zealand's fourth-quarter survey, contagion from weak Aussie and soft commodity prices (CRB spot index closed down 0.13% Tuesday at 266.85). But NZD/USD losses are tempered by NZD-USD interest differential, weaker USD sentiment and Kiwi demand on soft AUD/NZD cross. Daily chart is mixed as MACD is bullish, but stochastics is in bearish mode.

Technical Comment:
Daily chart is mixed as MACD is bullish, but stochastics is in bearish mode.

Trading recommendations:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 0.7765. A break of this target will move the pair further downwards to 0.7735. The pivot point stands at 0.7855. In case the price moves in the opposite direction and bounces back from the support level, then it will move above its pivot point. It is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 0.7885 and the second target at 0.7910.

Resistance levels:
0.7885
0.7910
0.7945
Support levels:
0.7765
0.7735
0.77

Back to the list

Open trading account

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.