E Forex Analysis Of NZD/USD For Tuesday, July 10

First, we look into the yesterday trade and what happened on July 9, 2018, and it opened at 0.68354 and went high at 0.68575 and gone low 0.68280 and finally closed at 0.68288.  The calculated pivot point for the day is 0.68381.

The difference between high and low was reasonable 295 points and there was a good chance for a trader to take the opportunity since the difference is in a good range.  Now the opportunity is going to lower levels for few days. This pair is moving from present levels to lower levels due to trade war with China.  Traders are waiting for an opportunity to buy at 0.6840 levels and sell at 0.6760 levels, to get more profits.

BUYING AND SELLING LEVELS TO BE OBSERVED BY TRADERS

 

Level

First Level

Second Level

Third Level

Selling Level

0.6760

0.6725

0.6702

Buying Level

0.6840

0.6857

0.6898

 

TODAY EVENTS TO BE OBSERVED AND TRADERS SHOULD BE CAUTIOUS AT THESE TIMES AND TAKE ADVANTAGE OF THE EVENTS

 

GMT

Event

Actual

Previous

10:00

 USD NFIB Business Optimism Index

107.2

107.8

12:55

 USD Redbook index (MoM)

-0.2%

-0.4%

12:55

 USD Redbook index (YoY)

5.2%

4.4%

14:00

 USD JOLTS Job Openings

 

6.698M

15:30

 USD 4-Week Bill Auction

 

1.86%

17:00

 USD 3-Year Note Auction

 

2.664%

20:30

 USD API Weekly Crude Oil Stock

 

-4.5M

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