jeudi 12 mars 2015

Forex Trading : How will end the bearish trend in the NZD / USD


Forex Trading : After touching the resistance line at 0.8821 area in mid-July, NZD seen a sharp decline against the US dollar until the pair fell to the level of support at the 0.7202 area, which was strong enough and NZD prevented from registering more losses. 

Since that time we have seen essentially a rising movement slightly above mentioned support level until the pair bounced.

According to the indicators With that, the downside movement mentioned may seem ends where support at the 0.7202 area is very difficult to be broken.

Support levels around 0.7202 area

Resistance levels around 0.7523, 0.7973, 0.8821 areas