Kiwi Searching for Wings, Testing Range Resistance | Vantage FX

Kiwi Searching for Wings, Testing Range Resistance

March 18, 2016

Kiwi Testing Range Resistance, Searching for Wings:
NZDUSD saw a big boost following the FOMC rate decision mid week and bears found no respite Thursday. Pair is currently testing range resistance which has capped gains for over 5 months.


Initial resistance is the range top at .6868, a break above there would target the 50% retracement at .6958. Initial support is the 38.2 Fib at .6763, with a break below there targeting the range bottom at 6565.

See opportunity trading forex ranges? Test your strategy on a $50,000 demo account.

Oscar Goullet – @FXtechs

Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by Australian Forex broker Vantage FX Pty Ltd does not contain a record of our prices or solicitation to trade. All opinions, news, research, prices or other information is provided as general news and marketing communication – not as investment advice. Consequently any person acting on a Forex live account it does so entirely at their own risk. The experts writers express their personal opinions and will not assume any responsibility whatsoever for the actions of the reader. We always aim for maximum accuracy and timeliness, and Vantage FX on the MT4 platform, shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on this service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.




Fast & Easy Account Opening Start Now!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!

  • Please enter a valid data!
Forex Promotions

Open a live account today to gain exclusive access to our 8 Forex Promotions. 

Find out more.