NZD/USD Daily Market Update (24/09/18)

Category: Fundamental News

INSTRUMENT: NZD/USD
ANALYSIS: In the 4hr chart, the price rose above the 100SMA and 200SMA in the previous week. This week, we will be expecting the price to retest the 200SMA and also to retrace near the 50% Fibonacci level and continue its uptrend toward 127% Fibonacci extension level. A fall below 0.65661 Invalidates the analysis.
PREFERENCE: Bullish

Published: 2018-09-24 06:44:42