08.06.201516:22 Forex Analysis & Reviews: Technical analysis of NZD/USD for June 08, 2015

Long-term review

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

NZD/USD is expected to consolidate with a bearish bias after hitting a near-five-year low at 0.7023 on Friday. NZD/USD is undermined by the positive dollar sentiment, dovish Reserve Bank of New Zealand monetary policy stance, and soft dairy prices. But NZD/USD losses are tempered by the NZD-USD interest differential.

Technical comment: The daily chart is negative-biased as MACD is bearish, stochastics stays suppressed at oversold levels, five and 15-day moving averages are declining.

Trading recommendations:

The pair is trading below its pivot point. It is likely to trade in a lower range as long as it remains below the pivot point. Short positions are recommended with the first target at 0.7050. A break of that target will move the pair further downwards to 0.7020. The pivot point stands at 0.7135. In case the price moves in the opposite direction and bounces back from the support level, it will move above its pivot point. It is likely to move further to the upside. According to that scenario, long positions are recommended with the first target at 0.7170 and the second target at 0.7210.

Resistance levels: 0.7170 0.7210 0.7270

Support levels: 0.7050 0.7020 0.7

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.