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FX.co ★ Technical analysis and trading recommendations for the NZD / USD currency pair as of May 3, 2018

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Forex Analysis:::2018-05-03T09:34:22

Technical analysis and trading recommendations for the NZD / USD currency pair as of May 3, 2018

The NZD / USD currency pair, as expected, approached the psychological support level of 0.7000, where it felt support and slowed down the movement. Now, we see a wagging along the level with an attempt to work it out, but the "bearish" interest is still present on the market. Probably assume a temporary bump within the level, where in the case of fixing the price above 0.7040, it is possible to consider long positions to 0.7080-0.7150 (0.7180).

Key Levels

Resistance zones: 0.7180; 0.7250 * 0.7340 * 0.7430; 0.7550.

Support zones: 0.7000; 0.6810

* Periodic level

Technical analysis and trading recommendations for the NZD / USD currency pair as of May 3, 2018

Attention: Forecasts are not a direct guide to action!

Analyst InstaForex
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