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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

NZDUSD 08.01.2021

Technical Analysis
Friday, January 08, 2021 - 01:37
Point Trader Group
NZDUSD 08.01.2021

Overview:

The pair is trading below a strong resistance level around 0.7266, which enhances downside chances during today's trading

Expected:

Continuing to trade below the aforementioned resistance level, may push the pair down to 0.7210

Alternative Scenario:

On the other hand, we see that if the 0.7266 level is broken to the upside, this pair might push up to 0.7300

 

Resistance0.72660.73000.7320
Support0.72100.72000.7173

 

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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