On Thursday of last week, we discussed the NZDUSD and how the recent rally was in jeopardy below 0.7240. And although the level didn’t hold up quite as well as we would have liked, the area between 0.7240 and 0.7270 has no doubt attracted an influx of offers.
The bearish pin bar that formed yesterday is an example of the 0.7270 resistance area at work. In fact, yesterday’s high reached a trend line that I pointed out last week.
The level that extends from the April 2015 high has capped several advances including last Wednesday’s pre-FOMC surge.
Daily Price Action 43836 Laburnum Sq Ashburn, Virginia 20147 United States (240) 778-3679
If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.
Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.