NZD/USD

11 July 2016, 11:22
Lahcene Ouled Moussa
0
62

Summary : 
Target Level : 0.7213
Target Period : 2 days 

Analysis : 
Rising Wedge identified at 08-Jul-20:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.721 within the next 2 days.

 Supporting Indicators : 

RSI above 60

Resistance Levels : 
( B ) 0.731Last resistance turning point of Rising Wedge.

Support Levels 
( A ) 0.7213Last support turning point of Rising Wedge.

 

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