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09.08.201806:44 Forex Analysis & Reviews: Technical analysis of NZD/USD for Aug 09, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.08.2018 analysis

At the Daily Charts we see the NZD/USD pair moving in a Bearish bias. This can be confirmed by the price moving bellow the Moving Average 100 periods, now because the Stochastic Oscillator already at Oversoldlevel area there will be a correction to the upside in a few days ahead at least to test the Support becoming Resistance level at 0.6686 before this pair went back again to its previous trend (Bearish). (Disclaimer)
Arief Makmur
Analytical expert of InstaForex
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