The New Zealand Dollar has been unable to clear important resistance against the US Dollar, opening the door for further short-term NZD/USD weakness. The NZD/USD set a clear short-term top at the 50.0 percent Fibonacci retracement of the 0.6960-0.5200 move at 0.6080, leaving clear risks that the pair may break short-term uptrend support at the 0.5700 handle.Subsequent support can be found at previous congestion levels between 0.5500-0.5600. A break above 0.6080 would clearly negate our bearish bias.
[Why ForexGen]
1. Lowest spreads in the market with 0-1 pips in 10 pairs, no commissions, no swaps and instant account Activation.
2. Scandinavian quality with Swiss precision, funds secured and local agents in 18+ countries.
3. ForexGen offers Forex trading in the major currency pairs and crosses.
4. Low capital start, with $250 as a minimum account size.
5. Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.
6. ForexGen offers a free trial Forex [demo account] that allows you to test your skills and practice without risking real money.
We consider every client as a special case, a VIP and a partner. A client's profit is our success and a client's loss is a significant call of action for us. Customer care is the heart of our business, we know every client on personal bases as we provide 24/7 customer support.
We keep contact with our clients to ensure that we are on the right track. Leading our client relationship to success is our focus.
Let [ForexGen] prove to you that you have taken the right step by choosing our partnership.
