Current trend

NZD continues to consolidate against US dollar. The nearest support level is at 0.7080.

According to analysts, the demand is caused by the strengthening of oil. This year its price exceeded $67 per barrel in view of mass protests in Iran and explosion of a pipeline in Libya.

Today special attention should be paid to the minutes of FOMC meeting.

Support and resistance

Stochastic is at 48 points and does not give any signals for the opening of the deal.

Resistance levels: 0.7127, 0.7156.

Support levels: 0.7080, 0.7042.

Trading tips

Long positions may be opened at the current price with target at 0.7156 and stop-loss at 0.7075.

New Zealand Dollar vs US Dollar

BuySellSpread
0.669070.6687532

Scenario

TimeframeDay's Range
RecommendationsBUY
Entry Point0.7096
Take Profit0.7156
Stop Loss0.7075
Support levels0.7042, 0.7080, 0.7127, 0.7156
NZD/USD: general review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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