Forming a downtrend near the strong resistance level of 0.7380, the currency pair NZD / USD moved to the correction stage. Now we see how "bears" form impulse candles, pulling the quotation from the level. It is possible to assume that the "bearish" attitude will continue, where they will try to continue forming the correction to the values of 0.7310 / 0.7290. Otherwise, the quotation will go to the flat movement of 0.7340 / 0.7380.
Key levels
Resistance zones: 0.7380; 0,7480
Support zones: 0,7200 (+/- 20 p); 0.7050
Signals
- Purchase by pair. It is possible to consider two variations: First, the positions will be laid above the level of 0.7380, with the prospect of 0.7480. Second, the trade is conducted within the framework of 0.7340 / 0.7380.
- Sale by pair is recommended to be made at a price of 0.7330, with the prospect of a move to 0.7310 / 0.7290.
Note: Predictions are not a direct guide to action!