empty
 
 
27.11.2019 01:12 PM
Technical analysis of NZD/USD for November 27, 2019

This image is no longer relevant

Overview:

Pivot: 0.6423.

Trend direction: uptrend (bullish)

The NZD/USD pair continued moving upwards from the level of 0.6374. Righ ow the price is set at 0.6350. Immediate resistance is seen around 0.6455. A clear break above that area could lead price to the neutral zone in the nearest term. Price will test 0.6455, because in general, we remain bullish today. This week, the market moved from its bottom at 0.6374 and continued to rise towards the top of 0.6423. Today, on the one-hour chart, the current rise will remain within a framework of correction. In consequence, the NZD/USD pair broke resistance, which turned into strong support at the level of 0.6374. The level of 0.6374 is expected to act as the major support today. We expect the NZD/USD pair to continue moving in the bullish trend towards the target levels of 0.6455, 0.6480, 0.6506 and 0.6540. Since there is nothing new in this market, it is not bearish yet. However, if the pair fails to pass through the level of 0.6455 (minor resistance), the market will indicate a bearish opportunity below the strong resistance level of 0.6455 (the level of 0.6455 coincides with tha ratio of 38.2% Fibonacci retracement). If a breakout happens at the support level of 0.6374, then this scenario may be invalidated.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback