Midday update for NZDUSD 08-12-2016
Economies.com
2016-12-08 11:11AM UTC
The NZDUSD pair fluctuates near the key resistance 0.7215, and the price might need to breach this level to open the way to head towards our next main target at 0.7483, noting that the EMA50 provides continuous positive support to the price, which encourages us to continue suggesting the bullish trend in the upcoming sessions, noting that stochastic negativity might force the price to provide some temporary sideways trading before resuming the expected rise.
We remind you that the continuation of the positive overview for today depends on holding above 0.7170.
Expected trading range for today is between 0.7150 support and 0.7329
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...