empty
 
 
06.12.2022 09:59 PM
NZD/USD: more declines ahead

This image is no longer relevant

NZD/USD 0.6306 As Downside Obstacle!

The NZD/USD pair dropped below the uptrend line signaling exhausted buyers and that the upside movement could be over. The uptrend line represented a downside obstacle. Now, it is trading somehow sideways in the short term.

The 0.6306 former low represents is seen as a downside obstacle. As long as the instrument stays above it, the price could try to increase.

NZD/USD Trading Conclusion!

Dropping and stabilizing below 0.6306 indicates a larger downside movement. This scenario brings new selling opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback