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FX.co ★ Technical analysis of NZD/USD for Aug 09, 2018

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Forex Analysis:::2018-08-09T04:44:37

Technical analysis of NZD/USD for Aug 09, 2018

Technical analysis of NZD/USD for Aug 09, 2018

At the Daily Charts we see the NZD/USD pair moving in a Bearish bias. This can be confirmed by the price moving bellow the Moving Average 100 periods, now because the Stochastic Oscillator already at Oversoldlevel area there will be a correction to the upside in a few days ahead at least to test the Support becoming Resistance level at 0.6686 before this pair went back again to its previous trend (Bearish). (Disclaimer)
Analyst InstaForex
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