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19.09.201708:43 Forex Analysis & Reviews: Technical analysis of NZD/USD for September 19, 2017

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 19.09.2017 analysis

NZD/USD is expected to trade with a bullish outlook above the key support level of 0.7245. From a technical point of view, the relative strength index is bullish and is calling for further upside. In addition, the 20-period moving average on a 30-minute chart crossed above the 50-period moving average triggering a bullish signal.

As a consequence, long positions above 0.7245 with targets at 0.7310 and 0.7345 in extension can be considered.

The black line is showing the pivot point. Currently, the price is above the pivot point, which indicates long positions. If it remains below the pivot point, it will indicate short positions. The red lines is showing the support levels and the green line is indicating the resistance levels. These levels can be used to enter and exit trades.

Resistance levels: 0.7310, 0.7345, and 0.7380

Support levels: 0.7210, 0.7180, and 0.7150

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