NZD/USD Attempts A U-Turn

Despite a worse-than-expected GDP, the kiwi rallied on the back of a dovish US Federal Reserve. Having established support at 0.7100 on the daily chart, the pair is gathering momentum for the next round of rally.

A low RSI suggests there is plenty of room on the upside, though the price action will first need to clear the origin of the latest sell-off at 0.7270.

That would pave the way for a rise above 0.7300. The reversal would gain traction as long as the pair stays above the immediate support at 0.7150.

0 views0 comments



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with