NZDUSD with a bearish target at 0.7328 but the bullish bias could return
By
Felipe Erazo
PUBLISHED:
Feb 11 2015 @ 21:17
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More info about Felipe Erazo
The NZDUSD is looking to form bearish patterns below the 200 SMA at the H1 chart, in order to strength the main bias, that is very bearish.
The daily pivot point is placed at the level of 0.7387 and the Kiwi is trading below that zone. We could expect a fall to the support level of 0.7328. In the other side, if the NZDUSD takes again the bullish bias, we need to wait for a breakout at the resistance level of 0.7423 for change our current oulook.
The MACD indicator is still on negative territory.
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