Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Forex Market Commentary By TitanFX
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="titanfx, post: 113408, member: 33464"] [B][I]NZDUSD – New Zealand Gains As Unemployment Dips in NZ [/I] Key [/B]Highlights • The New Zealand dollar gained heavily during the past couple of hours and traded above the 0.7180 resistance. • There is a bullish trend line formed on the 4-hours chart of NZDUSD, which can be seen as a buy zone on the downside. • The New Zealand Employment Change released by the Statistics New Zealand posted a chance of 1.4% in Q3 2016. • The Unemployment Rate posted a decline from the last revised rate of 5% to 4.9% in Q3 2016. [B]NZDUSD Technical Analysis[/B] The New Zealand dollar recently managed to gain traction against the US Dollar to trade above a crucial resistance area of 0.7180. The NZDUSD pair may continue to gain pace and could challenge 0.7265 going forward. [IMG]https://titanfx.com/wp-content/uploads/2016/11/NZDUSD-11.02.2016-768x401.png[/IMG] When we look at the 4-hours chart of NZDUSD, there is a clear break above 0.7180 visible along with the 61.8% Fib retracement level of the last decline from the 0.7265 high to 0.7108 low. So, there is a chance that the pair may continue to march higher, and could even test the full swing high of 0.7265. On the downside, there is a bullish trend line formed on the 4-hours chart, which may act as a support if the pair dips or corrects lower. ------------------------------------------- [B][I]Posted by Aayush Jindal - 'Titan FX Currency Analyst'[/I][/B] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…