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Video | Market Technical | Solid ECN
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[QUOTE="SOLIDECN, post: 215151, member: 80239"] [JUSTIFY]NZDUSD - Investors expect a decrease in trading activity during the week Although yesterday's report on consumer spending with credit cards showed an annual growth of 24.8%, which is lower than the previous month's figure (34.0%), investors found a positive driver in the statistics on foreign trade levels. According to Statistics New Zealand (Stats.nz), the country's exports in October increased by 758.0M New Zealand dollars, or 14.0%, to reach 6.1B New Zealand dollars, while imports rose by 1.6B New Zealand dollars, or 24 0%, amounting to 8.3B New Zealand dollars, and thus the trade deficit rose to –2.1B New Zealand dollars. Traditionally, the highest growth in the structure of imports was shown by fuel prices, which increased by 44.0%, and in the structure of exports, livestock products kept leadership, adding 34.0% in value. [img]https://i.ibb.co/ZSHb2Fw/nzdusd.png[/img] The trading instrument left the global downward channel on the daily chart, having confidently consolidated above the resistance line. Resistance levels: 0.619, 0.645 | Support levels: 0.603, 0.577[/JUSTIFY] [/QUOTE]
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