Overview:
- According to the previous events, the NZD/USD pair has still been moving between 0.6440 and 0.6497. Today, strong resistance will be formed at the level of 0.6537, providing a clear signal for sell deals with the target seen at 0.6466 and 0.6406 in order to test the double bottom on the H1 chart. Moreover, in the long term, a strong support level will be formed at the level of 0.6406, providing a clear signal for resell deals with the targets seen at the 0.6348 mark, with a view to test the double bottom in the same time frame. However, stop loss is to be placed above 0.6575.
Notes:
- We expect a range about 93 pips today.
- The risk of 62 pips must make a profit of 93 pips.
- The level of 0.6537 will confirm the bearish market.
- Volatility today is 95.50. As a rule, the market is highly volatile if the last day has huge volatility.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of NZD/USD for January 26, 2016 . Thanks for your support.
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