NZD USD reverses downwards again – Analysis - 01/10/2014
Economies.com
2014-10-01 05:09AM UTC
The NZDUSD trades with bearish bias heading towards the previously recorded low at 0.7720, which we are waiting to break it to open the way to extend the current bearish wave, as confirming the break will push the price towards 0.7330 areas mainly.
Stochastic current positivity might push the price for some temporary sideways fluctuation before resuming the bearish trend, which remains valid and active unless breaching 0.7905 level and holding above it.
Expected trading range for today is between: 0.7650 support and 0.7865 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...