Wednesday, 1 April 2015

EUR/NZD analysis for April 01, 2015 Market Analysis Review

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Overview:


In our last analysis, EUR/NZD was trading upwards. As we expected, the price has tested the level of 1.4519 in a high volume. The price found resistance at the level of 1.4500. The short-term trend is bullish. According to the price action on 4H time frame, we can observe a supply in a weak volume. My advice is to watch for potential buying opportunities on the dips. If the price breaks the level of 1.4500 in a high volume, we will have the resistance level of 1.4580.


Daily Fibonacci pivot levels:


Resistance levels:


R1: 1.4434


R2: 1.4469


R3: 1.4526


Support levels:


S1: 1.4320


S2: 1.4285


S3: 1.4228


Trading recommendations: Be careful when selling and watch for potential buying opportunities on the dips




The material has been provided by InstaForex Company - www.instaforex.com



For detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD analysis for April 01, 2015 . Thanks for your support.

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