empty
 
 

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.

*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.

Alexandros Yfantis,
Analitickog eksperta
InstaForex grupa kompanija © 2007-2021
Iskoristite preporuke analitičara upravo sada
Dopunite trgovački račun
Otvori trgovački račun

Uz InstaForex-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaForex-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.

Ne možete da razgovarate sada?
Postavite pitanje kroz ćaskanje.