05.03.202120:41 Forex Analysis & Reviews: NZDUSD at major support

NZDUSD is trading right above the key support level of 0.7150 and right on top of the lower channel boundary. NZDUSD has been trading inside this bullish channel since March 2020 and exiting the channel will be big news.

Exchange Rates 05.03.2021 analysis

Blue lines - bullish channel

For a year price has been steadily making higher highs and higher lows. With an RSI bearish divergence and price right at the edge of the bullish channel, I expect price to break out of the channel and continue lower. The bullish trend has weakened and I expect soon to get a reversal confirmation with a break below 0.71.


Alexandros Yfantis,
InstaForex集团 © 2007-2021

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

提出您的问题,用 在线帮助.