Monday, 24 November 2014

NZD USD Forex Technical Report


Daily Technical Report

Pivot Points


S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD


1.2369


1.2366


1.2369


1.2366


1.2369


1.2366


1.2369
GBP/USD
1.5643
1.5640
1.5643
1.5640
1.5643
1.5640
1.5643
USD/JPY
117.51
117.62
117.72
117.83
117.92
118.03
118.12
USD/CHF
0.9668
0.9682
0.9700
0.9714
0.9732
0.9746
0.9764
AUD/USD
0.8658
0.8663
0.8672
0.8677
0.8686
0.8691
0.8700
EUR/GBP
0.7895
0.7899
0.7904
0.7908
0.7913
0.7917
0.7922
USD/CAD
1.1216
1.1223
1.1228
1.1235
1.1240
1.1247
1.1252
NZD/USD
0.7871
0.7875
0.7882
0.7886
0.7893
0.7897
0.7904


Today's Chart: NZD/USD ( DAILY )


SUMMARY:
The secondry trend of NZD/USD is bearish, but prices are not sustaining on lower levels the pair is sustaining below the falling trendline & consolidating with a positive bias. If NZD/USD breaches the level of 0.7980 & sustains above it then we can expect it to come up to the levels of 0.8090. I n it daily chart 30 DMA is working as a support & prices can come up to test 200 DMA. RSI is sustaining in buying territory & indicating the upcoming buying in the pair.
In MACD , MACD line has recently breach the zero line, supporting the upside movement for next few sessions.

STRATERGY :- For this week, NZD/USD is looking strong on charts. Indicators also supporting the same. One can go for buy on dips strategy for this pair for intra day to mid term positions.