NZDUSD is bouncing off support, watch for potential rise!
NZDUSD is bouncing off its support level at 0.7271 (horizontal overlap support, 38.2% Fibonacci retracement ) which coincides with the short term ascending support line. A strong reaction could occur at this level, pushing price up to our next major resistance at 0.7309 (50% Fibonacci retracement , horizontal overlap resistance).
RSI (89) is also boucning off its ascending support line at 52% and a corresponding rise in price might occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
RSI (89) is also boucning off its ascending support line at 52% and a corresponding rise in price might occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.