Overview:
Recently, EUR/NZD has been moving downwards. As we expected, the price tested the level of 1.7461. In the daily time frame, we can observe a supply bar in an average volume. The intraday trend is downward. According to the M15 chart, we can see successful rejection from yesterday's point of control at the level of 1.7720. Watch for potential selling opportunities after retracement. A potential target zone is seen around 1.7450 (currently on the test)-1.7330.
Fibonacci Pivot Points :
Resistance levels:
R1: 1.7860
R2: 1.7945
R3: 1.8080
Support levels:
S1: 1.7580
S2: 1.7495
S3: 1.7355
Trading recommendations: Be careful when buying and watch for potential selling opportunities.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via EUR/NZD: analysis for September 30, 2015 . Thanks for your support.
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