16-02-2016 11:03 via liteforex.com

NZD/USD: breakout of the range is possible

Forex analytics: Over the past two weeks the pair NZD/USD is traded in the range of 0.6745 and 0.6600. At the moment the price has consolidated near support level of 0.6605 (ЕМА50 on the daily chart and ЕМА200, ЕМА144 on 4-hour chart).However, on the 4-hour chart, the indicators OsMA and Stochastic have reversed in favour of the short positions.Breakout of support level of 0.6605 will bring the pair ...
Read more »