Midday update for NZDUSD 21-03-2017

Economies.com
2017-03-21 11:14AM UTC

The NZDUSD pair returns to attempt to breach 0.7049 level now, which provides signals for the price head to rise in the upcoming period, waiting for getting four hours close above the mentioned level to confirm the continuation of the bullish bias for the rest of the day.

 

Therefore, we will keep our neutral attitude until the price confirms its next trend by breaching the above mentioned level or breaking 0.6915 support, pointing that the details of the expected targets appear on our morning report.

 

Expected trading range for today is between 0.6950 support and 0.7150

 

Expected trend for today: Depends on the above mentioned levels

 

 

 

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
NZDUSD Price Analysis The NZDUSD price resumes its negative trading to move away from 0.6000$ ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 28-03-2024
2024-03-28 10:19AM UTC
AUDUSD Price Analysis The AUDUSD price achieved initial break to 0.6500$ level and closed the ...
GBP USD Analysis

Forex

The GBPUSD forecast update 28-03-2024
2024-03-28 10:19AM UTC
GBPUSD Trading Analysis The GBPUSD price shows calm bearish bias to gradually approach our first ...