Overview:
In our last analysis, EUR/NZD was trading downwards. The price has tested the level of 1.4382 in a high volume. The price found resistance around the level of 1.4440 (our Fibonacci retracement 61.8%). The short-term trend is neutral. So, be careful when trading EUR/NZD. First major support is seen around the level of 1.4320 (Fibonacci expansion 61.8%) and if the price breaks the level of 1.4440, we may see a potential test of the levels of 1.4490-1.4560.
Daily Fibonacci pivot levels:
Resistance levels:
R1: 1.4431
R2: 1.4472
R3: 1.4538
Support levels:
S1: 1.4300
S2: 1.4260
S3: 1.4192
Trading recommendations: We are in neutral trend. So we need to see a clear direction in the next period to search for better opportunities.
Petar Jacimovic is taking part in the “Analyst of the Year” award organized by MT5.com portal. If you like his article, please vote for him.
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Performed by Petar Jacimovic, Analytical expert InstaForex Group © 2007-2015 |
EUR/NZD : analysis for March 30, 2015
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