NZDUSD attacks the support – Analysis - 11-05-2017
Economies.com
2017-05-11 04:28AM UTC
The NZDUSD pair begins today with strong negativity to attack 0.6862 level and break it, which activates the bearish trend scenario on the intraday and short term basis, opening the way to visit 0.6780 level as a next main station.
Therefore, the bearish bias will be suggested in the upcoming sessions, and breaking the targeted level will extend the pair's losses to reach 0.6614, while the expected decline will remain valid unless breaching 0.6915 level and holding above it.
Expected trading range for today is between 0.6730 support and 0.6915
Expected trend for today: Bearish
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 USDCHF price consolidates above the support – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for USDCHF Expected Scenario The USDCHF price couldn’t manage to ...
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...