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Forex Analysis Details

NZDUSD bearish momentum expected!

  • PUBLISH BY: FxsuccessBD
  • 03 Jul, 2019 4:30pm

NZDUSD DAILY MARKET ANALYSIS: 

NZDUSD currently just above the daily pivot level 0.66690. 2 days back this pair hit the daily strong 200 EMA and took strong resistance zone. From this zone this pair starts taking downside correction and form a strong bearish engulfing candle pattern which actually indicate further falling momentum. According to fundamental view this pair also turns to bearish momentum as USA showing its strong trend. So we suggest to stay with SHORT TRADE and target can be 0.66 level where have Fibonacci 0.50 level.


PIVOT at a Glance: R3: 0.67069, R2: 0.66941, R1: 0.66818, PIVOT: 0.66690, S1: 0.66567, S2: 0.66439, S3: 0.66316

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