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[QUOTE="Antony_NPBFX, post: 196321, member: 38727"] [size=5][b]NZD/USD: flat trading dynamics 11.06.2021 [/b][/size] Good afternoon, dear forum visitors! [url=https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on NZD/USD for a better understanding of the current market situation and more efficient trading. [b] Current trend [/b] NZD is flat against USD during today's Asian session, holding near 0.7200. Investors are awaiting discussions of the newly flaring disagreements between the UK and the EU over the Brexit transition arrangements at the G7 Meeting. Yesterday's macroeconomic statistics from the US on consumer inflation, although turned out to be better than forecasts, failed to noticeably affect the dynamics of USD. However, the market, along with the US Fed, received a new signal, indicating a rapid rise in prices. Now traders are awaiting the meeting of the American regulator, hoping to hear a more proactive position on the gradual tightening of monetary policy. Meanwhile, the instrument is moderately supported by macroeconomic statistics from New Zealand. Business NZ PMI in May increased from 58.4 to 58.6 points, which was significantly better than market expectations at 54.4 points. [b] Support and resistance [/b] Bollinger Bands in D1 chart demonstrate flat dynamics. The price range is expanding from below, remaining spacious enough for the current activity level in the market. MACD is declining keeping a weak sell signal (located below the signal line). The indicator is trying to consolidate below the zero level. Stochastic is showing flat dynamics, being located in the middle of its area. Resistance levels: 0.7200, 0.7250, 0.7286, 0.7315. Support levels: 0.7163, 0.7125, 0.7100, 0.7050. [img]http://businesspr-finance.com/wp-content/uploads/2021/06/NZDUSD110621-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/06/NZDUSD110621-333.png[/img] [b] Trading tips [/b] To open long positions, one can rely on a confident breakout of 0.7200. Take-profit – 0.7250. Stop-loss – 0.7175. Implementation time: 1-2 days. A rebound from 0.7200 as from resistance followed by a breakdown of 0.7163 may become a signal for new sales with the target at 0.7100. Stop-loss – 0.7200. [b]Use more opportunities of the NPBFX analytical portal: glossary[/b] Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on NZD/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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