NZD/USD Weekly Technical Report 18-22/2/2013
ecPulse
2013-02-18 07:03AM UTC
The pair dropped again and is trading below 0.8480 and 0.8450 resistance levels weakening positivity. Meanwhile, the pair stabilized above Linear Regression Indicators and this week’s negative opening was due to the price gap. Therefore, we might witness a new attempt to the upside by stabilizing above 0.8355 levels this week. Stochastic is showing a negative bias that requires stability again above 0.8480 to cancel it.
The trading range for this week might be among key support at 0.8310 and key resistance at 0.8600.
The general trend over short term basis is to the upside with steady daily closing above 0.8130 targeting 0.8845
Forex and Currency News
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex Technical Analysis
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
Forex
The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
Forex
The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC