LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

NZDUSD broke support level 0.62690 ; Likely to fall to 0.62000

 

NZDUSD continues to fall inside the short-term impulse wave 3 which recently broke through the support area lying at the intersection of the support level 0.6269 (which stopped the previous sharp impulse wave 1) and the support trendline of the wide daily down channel from March. Given the strong daily downtrend and the strong bullish sentiment affecting the US Dollar – NZDUSD is likely to remain under bearish pressure today and fall toward the next support level 0.6200 (which reversed the price in the middle of 2015).

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.