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 July 05, 2016

NZDUSDH1.png

Overview:

  • The NZD/USD pair is showing signs of strength following a breakout of the highest level of 0.7174. According to the previous events, we expect the NZD/USD pair to trade between 0.7174 and 0.7261. So, the support is seen at 0.7174, while daily resistance is found at 0.7261. Therefore, the market is likely to show signs of a bullish trend around the area of 0.7174. Hence, we foresee the price to set above the strong support at the levels of 0.7174 and 0.7136; because the price is in a bullish channel now. The RSI starts signaling an upward trend above the spot of 0.7174. In other words, buy orders are recommended above the spot of 0.7174 with the first target at the level of 0.7229; and continue towards 0.7261. However, if the NZD/USD pair fails to break through the resistance level of 0.7261 today, the market will decline further to 0.7174 so as to retest the first weekly support.
The material has been provided by InstaForex Company - www.instaforex.com