NZD USD Technical Analysis | NZD USD Trading: 2019-10-04 | IFCM
IFC Markets Online CFD Broker

NZD USD Technical Analysis - NZD USD Trading: 2019-10-04

Slowing Global Dairy Trade Price Index bearish for NZDUSD

Global Dairy Trade Price Index in New Zealand slowed to 0.2% after 2% increase on September 17. Will the NZDUSD decline?

NZDUSD rising above MA(200)

The price chart on 1-hour timeframe shows NZDUSD: H1 is trading sideways. The price is above the 200-period moving average MA(200) which is level. And the RSI is rising above 50 level but hasn’t reached the overbought zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy

The best trading conditions and high-level services for our clients

We are ready to assist you on any issue 24 hours a day.

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger