NZD/USD: Trading recommendations
|In case of a breakdown into the zone above the levels of 0.7140, 0.7150, further growth of NZD / USD, which maintains long-term positive dynamics above the important support levels 0.6970 (ЕМА200 on the monthly chart), 0.6960 (ЕМА200 on the daily chart), with targets at resistance levels 0.7240 (Fibonacci 38.2% retracement in the global wave of the pair's decline from 0.8820), 0.7550 (Fibonacci level 50% and the upper line of the ascending channel on the weekly chart) is possible.
Support levels: 0.7100, 0.7040, 0.7000, 0.6960, 0.6935, 0.6865, 0.6815.
Resistance levels: 0.7140, 0.7150, 0.7200, 0.7240, 0.7280, 0.7315, 0.7380, 0.7430, 0.7550.
Trading recommendations
Sell Stop 0.7090. Stop-Loss 0.7160. Take-Profit 0.7040, 0.7000, 0.6960, 0.6935, 0.6865, 0.6815.
Buy Stop 0.7160. Stop-Loss 0.7090. Take-Profit 0.7200, 0.7240, 0.7269, 0.7315, 0.7380, 0.7430, 0.7550.
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