NZD/USD reversed from support zone

NZD/USD reversed from support zone

2019-11-11 • Updated

  • NZD/USD reversed from support zone
  • Next buy target - 0.7040

 NZD/USD continues to rise after the earlier upward reversal from the support zone lying at the intersection of the long-term support level 0.6830 (which has been reversing the price from the end of 2017 as can be seen from the weekly NZD/USD chart below) and the lower weekly Bollinger Band. If the pair closes this week near the current levels it will form the weekly Hammer. NZD/USD is expected to rise further toward the next buy target at the next resistance level 0.7040.

Similar

Trade Ideas on September  6-10
Trade Ideas on September 6-10

Bitcoin At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data…

Latest news

CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY
CONSUMPTION AND ITS INFLUENCE ON THE ECONOMY

How to understand if an economy is accelerating or decelerating? What are the indicators that can guide us in this interpretation? One of the ways in which we can assess this situation is precisely the household consumption, which fundamentally refers to…

CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE
CREDIT CYCLES IN THE ECONOMY AND THE BRAZILIAN CASE

Credit cycles (or leverage cycles) represent moments in the economy of a country when families and companies get indebted, in order to invest or to spend in different segments, which ends up positively influencing the level of the general economic…

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera