Sunday 1 November 2015

Forex Technical Analysis of NZDUSD for November 02, 2015

Support - S1 : 0.6716 | S2 : 0.6651 | S3 : 0.6614
Resistance - R1 : 0.6819 | R2 : 0.6856 | R3 : 0.6921
Main Trend - Bullish
Intraday Trend - Bullish

On 4H chart of forex technical analysis for the exchange rate NZDUSD is very easy to realize that price keeps the upward momentum. Remain above EMA(50) and EMA(200) which have upward crossed between them and at the same time the price test the resistance from the median line of Andrew's Pitchfork.

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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