NZD USD tests the key resistance – Analysis - 27/11/2014
Economies.com
2014-11-27 06:17AM UTC
The NZDUSD pair rallied upwards clearly yesterday and follows with today’s rise to surpass 0.7905 level, which makes us stop the bearish trend scenario temporarily in order to monitor the price behavior according to 0.7870 support and 0.7955 resistance, as breaking the mentioned support will reactivate the negative scenario again, which its main targets begin at 0.7720, while breaching the resistance represents positive key that supports the chances of regaining the major bullish trend again.
Therefore, the neutrality will be required for today.
Expected trading range for today is between: 0.7800 support and 0.8000 resistance.
Expected trend for today: Neutral
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 USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...