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HomeContributorsTechnical AnalysisNZD/USD Pressuring Static Resistance

NZD/USD Pressuring Static Resistance

MultiBank Exchange Group
By MultiBank Exchange Group

The NZD/USD is pressuring the 38.2% retracement level, a valid breakout will confirm an increase towards the third warning line (WL3) of the descending pitchfork. Price remains under pressure as long as is trading under the WL3, only a breakout above it will signal a further increase towards the next upside targets, from 0.7375, respectively to 0.7484 level.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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