Tag: dollar

Technical analysis of NZD/USD for January 9, 2017

NZD/USD is trading above critical medium- to long-term support of 0.69. NZD/USD is trading inside an upward sloping channel and there are a lot of chances to see a strong bounce targeting levels above 0.76, but confirmation will come on a break above 0…

Forex Technical Analysis: Trend potential – Decline to 115.25 – buying again


Daily chart: Friday bullish inside bar is unlikely to influence the trend. Important resistance level for bears is upper Bollinger band (118.38 range). Bears must prevent buyers from going higher, otherwise all their achievements will be offset.

Decline to 115.25 - buying again

Н4: 118.38 resistance level is confirmed, however, bears may attack from the current levels (see blue arrow). Support level is in 115.25 (lower Bollinger band)

Decline to 115.25 - buying again

Н1: potential dollar demand within the frame of distinct bullish Over&Under pattern is focused on 115.25. So, this area now presents interest as decline target.

Decline to 115.25 - buying again

Expectations: wait for decline towards 115.25 and later new upmovement


1. Sell towards 115.25

2. Buy from 115.25