Don’t waste your time – keep track of how NFP affects the US dollar!

Thank you for visiting our website

The ASIC policy prohibits us from providing services to clients in your region. Are you already registered with FBS and want to continue working in your Personal area?

Personal area

Facebook like

NZD/USD: testing the resistance

NZD/USD: testing the resistance

Updated

Disposition

The US dollar has exerted much pressure on the NZD lately and made the pair dive to the support of 200-MA above 0.72. However, the pair bounced and currently trades below 0.73 between 100-MA and 50-MA. The positioning of the MAs is a very convenient example of how you can use them for technical analysis and action planning. 

Action plan

  • If NZD/USD crosses 50-MA and 0.73, that will likely mean that bulls are taking over, and 0.74 will be a mid-term target
  • If NZD/USD crosses the support of 100-MA, it will likely aim at 200-MA below - that would mean the support of 0.72 may be threatened

NZDUSDH4.png

                                                                                           LOG IN

Deposit with your local payment systems

Got questions? FBS Oceania Customer Support is ready to help!

Contact us via email at support@fbsaustralia.com