The price fall today has the pair back down looking to test a support nzduss defined by a lower trend line on the hourly chart and the Status : Closed Trading. The company has steadily been working since serving its customers in 18 languages of 60 countries over the world, in full accordance with international standards of brokerage services. Please read our legal disclaimer. That leaves plenty of room for anticipation price moves.
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Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. As with all such advisory services, past results are never a guarantee of future results. Title text for next article. Looking for a new forex broker? Wed 18 Jan GMT Author: Greg Michalowski nzdusd. Peaked ahead of its time after break yesterday The NZDUSD moved above the day MA yesterday.
In December, the price moved above that MA on 4 separate days and each time, the price closed below. Yesterday, the price closed above the line at nzdusd forex live. The high price peaked ahead of the next target on the daily chart at the December high at 0. The high price stalled at 0. However, if you look at the hourly chart, there was a topside trend line at that area.
So perhaps it was not as random as the daily chart suggested see hourly chart below. The price fall today has the pair back down looking to test a support level defined by a lower trend line on the hourly chart and the That levels comes in at 0. We are free forex data feed api at that support level nzdusd forex live. I would expect risk defining traders to lean against the level with stops on a break.
There are a couple reasons to buy. If the price does break, however, that key day MA will be eyed not far away at 0. It would not look good on the bulls technical resume to have the price move back below the day MA one day after a break that would be more bearish. So this too is a level that we should see buyers leaning.
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Understanding live exchange rates. OANDA is electronically connected to numerous global banks to access the best currency rates for its forex traders, and electronic. Get latest market information about NZD/USD pair including NZD USD Live Rate, News, New Zealand Dollar and US Dollar Forecast. Get your FREE New Zealand Dollar to US Dollar (NZD/USD) live streaming and up-to-date data, quotes & prices, charts, rates, analysis & forecasts. Enter Now!.