Midday update for NZDUSD 26-06-2017
Economies.com
2017-06-26 09:56AM UTC
The NZDUSD pair shows some bearish bias to retest the previously breached resistance of the symmetrical triangle that appears on image, accompanied by stochastic approach from the oversold areas, while the EMA50 meets the current support areas to add more strength to it.
Therefore, these factors encourage us to keep our bullish overview, targeting 0.7329 followed by 0.7484 areas, while holding above 0.7215 represents key condition to continue the expected rise.
Expected trading range for today is between 0.7200 support and 0.7400
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...