NZD/USD continues to maintain a potential for growth - Ester Holdings
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NZD/USD continues to maintain a potential for growth

The NZD/USD pair has updated the monthly high, but on the correction of the dollar and the increase in risk has returned to significant support. The pair formed an ambiguous picture. As a result, had to reduce long positions. At the moment, this tool continues to maintain a potential for growth on the rebound from support of 0.6860.

Deals on the purchase of NZD/USD should be considered at the resistance break through 0.6890-0.6910, which will resume the uptrend and open the way to resistance levels: 0.6950 and 0.6980. Support is located at levels: 0.6880 and 0.6860. The main risk factor remains the aggravation of the US-China trade relations.


Read also: “Candlestick analysis. The main candlestick patterns”

Hanzenko Anton


 

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