See also
16.05.2018 05:23 AMNZDUSD currency pair continued its bearish rally, where, to date, already gained by more than 500 points over the course of four weeks. The Bears press the market, to the levels (0.7000, 0.6890), which many buyers saw as pivot points, declined, and the quotes rise further, where before it is a six-month low, reflecting the range of 0.6820/0.9780. The pair is overheated, and no one argues with this, but so far the descending interest remains and it will continue the said course. Where is the point of support hiding? - there is no exact answer yet. Buyers are hoping for a range of 0.6820/0.9780, but even near it, it is worth looking at clear decelerations and the resumption of "bullish" interest, before rushing into long positions.
Key Levels
Resistance zones: 0.7000; 0.7180; 0.7250 * 0.7340 *.
Support zones: 0.6820; 0.6700 *; 0.6580.
* Periodic level
Please note: Predictions are not a direct guide to action!
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
