Wednesday, August 23, 2017

eur nzd hit half yearly pivot and return

euro rose Massey today strongly because the euro and the weakness of the dollar gained strength because of statements by the Trump hostilities against the Nafta  to the possibility of taking the decision of closure of the government expenditure on the fence, which wants to build on the border between him and Mexico because of the cheaper Mexican labor kidnaps employment of unemployed Americans. On the other side there is an important statistical awaited for nzd, namely the trade balance which analysts expected to come -200 $NZ460 million while the previous month, 242 million, expect a very negative make nzd falls strongly.
Let our fundamental analysis to technical analysis, we find that the euro New Zealandcollided today during the rising level of the resistance forces of  First half-year pivot of 1.6365 and closed at 1.6336 level candle feedback 20 points below the level of resistance.

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