Technical analytics

Fibonacci analysis of NZDUSD


The bullish views are more popular now. Buyers preserved control and continued pushing the NZD higher on Wednesday. They tested the 0.6800 level during the day trades and stayed here for the night. MACD returned to a growth in the positive area. Stochastic returned to the overbought area. The moving averages continued moving north. The resistance stands at 0.6800, the support is at 0.6750.

If the buying momentum increases, the USD/CAD may strengthen up to the 0.6850 area where the Fibonacci level 100.0% is located. A bounce from the level 0.6800 risks a decline towards 0.6750.

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