Midday update for NZDUSD 11-07-2017
Economies.com
2017-07-11 09:47AM UTC
The NZDUSD pair keeps crawling to the downside to approach from testing the critical support at 0.7215, as we mentioned in our last reports, holding above this level keeps the bullish trend scenario active in the upcoming period, supported by stochastic reach to the oversold levels now.
Therefore, we wait for overall positive trading conditioned by holding above 0.7215, pointing that the expected targets begin at 0.7329 and extend to 0.7484.
Expected trading range for today is between 0.7200 support and 0.7350
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex Technical Analysis
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
Forex
The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
Forex
The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...