Sunday 18 October 2015

Forex Technical Analysis of NZDUSD for October 19, 2015

Support - S1 : 0.6763 | S2 : 0.6719 | S3 : 0.6654
Resistance - R1 : 0.6872 | R2 : 0.6937 | R3 : 0.6981
Main Trend - Bullish
Intraday Trend - Bullish

In the 4H chart of forex technical analysis of NZDUSD, we observe price move within the lower channel of an upward Andrew's Pitchfork. EMA(50) and EMA(200) have upward crossed between them.

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

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