NZD/USD: short-term triangle

NZD/USD: short-term triangle

2021-03-17 • Updated

The USD has been getting stronger against the NZD since March 11. Currently, the lower highs are aligned into what seems to be a possible upper side of the triangle formation which has 0.7160 as its support zone.

If that's the case, soon, the support of 0.7160 may be crossed downwards opening the way for bears down to 0.71.

Fed's announcement today may accelerate the process - let's check it out!

NZDUSDH1.png

                                                                                           LOG IN

Similar

Euro May Start a Rally
Euro May Start a Rally

On October 28 European Central Bank held a press conference. Inflation has hit Europe and now the time has come for more profound steps in the fight with the post-pandemic economy. What should we know to trade these events?

NZD/USD Rocketed. Is Rally Over?
NZD/USD Rocketed. Is Rally Over?

The riskier New Zealand dollar skyrocketed and pushed the NZD/USD pair up to the resistance level of 0.7150. How to trade it now?

Latest news

Virgin galactic: Buy When Everybody Sell
Virgin galactic: Buy When Everybody Sell

Latest news On September 29, Virgin Galactic announced that the Federal Aviation Administration has approved launches resume after an investigation about why its spaceship veered off course while descending during a July flight with founder Richard…

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