NZDUSD 02-01-2018 Intra-day analysis.

Markets open to a new trading week and a new year!

Posted on
NZDUSD 02.01.2018

NZDUSD intra-day analysis

NZDUSD (0.7113): The New Zealand dollar rallied to a 2-month high on Friday with early price action today suggesting that the currency pair is maintaining the bullish momentum. Further upside gains could be seen coming with the resistance level of 0.7160 likely to be tested. On the intraday chart, NZDUSD is seen bouncing off the lower median line which could keep prices supported. A breakout from the lower median line could however suggest a correction. Support at 0.7062 remains the first level of defence, failing which, NZDUSD could be seen correction to 0.6917.

 

 

(Visited 17 times, 1 visits today)

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

Follow Me:
Twitter

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss

John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

© Orbex