Technical analysis of NZD/USD for Dec 06, 2017

The Kiwi now in a ranging condition but in the Bearish Pressure, besides they are already have a Golden Cross MA and making a down channel this pair seem will test the support at 0.6781 as their first target and the 0.6737 as their secondary target, in a few days ahead NZD/USD have a bias BEARISH as long as the 0.6944 not be breakout the Seller still dominant in this pair.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

About Arief Makmur

Born May, 15th/1970 at Jakarta; Graduate from Trisakti University in 1998 at Major: Corporate & Bussiness Law. Starting in Finance World in 1998 at Jakarta Stock Exchange & Familliar with Forex Market since December 2003. Single Man Interests: Trading In The Forex Market
This entry was posted in DECEMBER 2017, Technical Analysis. Bookmark the permalink.

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