In analysis from October 14 I pointed level 0.6800, I wrote: “At this point we should see a rebound, which is likely to be stopped around 0.6670 – 0.6700”. The upward move exceeded the specified level of less than 100 pips and there were expected rebound.
Yesterday there was breakout an accelerated trend line, today the price reached the level of 0.6700. If at this level rebound doesn’t appear, the next support levels are at 0.6630, 0.6580, 0.6500. If the rebound will appear next resistances are at levels 0.6780, 0.6870.
Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency.
Wider view, time-frame W1
Since July 2015 NZDUSD moves in downtrend. At the end of September there was a rebound, but for the moment it should be seen as a correction in falls. However, before the price will return to falls, should be tested at least level 0.7200 which is 38.2% fibo.
