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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 September, 28 2020

Technical Analysis
Monday, September 28, 2020 - 18:17
Point Trader Group
NZDUSD September, 28 2020

Overview:

We notice on the above chart that the pair is trading above a strong support level around 0.6500, which enhances the chances of a bullish move during today's trading.

Expected:

Continuing trading above the aforementioned support level, may push the pair to rise to 0.6590

Alternative Scenario:

On the other hand, we believe that if the 0.6500 level is broken down, it might push the pair down to 0.6450


 

Resistance0.65900.66200.6650
Support0.65000.64500.6420

  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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