MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network

Archive

Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 © www.moneygrows.net

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

Popular

Pages

Expert In

Name*


Message*

Technical analysis of NZD/USD for December 29, 2016

NZDUSDM30.png

NZD/USD is expected to continue its rebound. The pair is rebounding, and is now challenging its next resistance level at 0.6945. The relative strength index is above its neutrality level at 50 and shows upside momentum. To sum up, as long as 0.6915 is not broken, it is likely to advance with 0.6945 and 0.6960 as targets.

The pair is trading above its pivot point. It is likely to trade in a wider range as long as it remains above its pivot point. Therefore, long positions are recommended with the first target at 0.6935 and the second one at 0.6945. In the alternative scenario, short positions are recommended with the first target at 0.6880 if the price moves below its pivot point. A break of this target is likely to push the pair further downwards, and one may expect the second target at 0.6870. The pivot point lies at 0.6895.

Resistance levels: 06935, 0.6945, 0.6965

Support levels: 0.6880, 0.6870, 0.6855

The material has been provided by InstaForex Company - www.instaforex.com