NZDUSD following growth of stock indices

NZD / USD: following the growth of stock indices

Current trend

On the background
recovery of stock markets grew the price of oil and commodities that
It supports the pair NZD / USD. In addition, the pair is supported by
uncertainty with respect to the interest rate increase in the US and growth
prices for dairy products.

And yet, on the basis
medium-term dynamics of couples, more promising and safe look
short positions.

important
publications today need to keep track of data on personal spending, GDP for the 2
quarter and unemployment over the past week in the US in August.

Support and resistance levels

The pair broke
down range between the levels of 0.6765 and 0.6510, wherein it was July 1,
and stabilized near the level of 0.6435.

OsMA indicator
and Stochastic on the daily chart defected to the sellers, and on the 4-hour
plot unfolds at purchase, signaling upward unfinished
intraday correction.

today’s correction
possible up to the levels 0.6500, 0.6540. Breakdown level of 0.6890 the pair may give an upward trend to the level 0.7000, 0.7100, 0.7250,
and securing above the mark 0.7345 (Fibonacci 38.2%) could return the pair
rising medium-term trend.

trial and
securing below 0.6435 direct couple to the levels 0.6200, 0.6000 (minima
2006), 0.5000 (2009 lows).

levels
Support: 0.6435 (Fibonacci level of 61.8%), 0.6400.

levels
resistance: 0.6500, 0.6540 (EMA200 hourly chart), 0.6610, 0.6650,
0.6700 (EMA50 on the daily chart), 0.6725, 0.6765, 0.6800.

trading recommendations

recommended
open short positions from current levels, and the levels 0.6500, 0.6540 with
0.6310 purpose and stop-loss at the level of 0.6570.

long positions
not yet considered.

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