NZDUSD breaches the resistance – Analysis - 12-01-2017
Economies.com
2017-01-12 05:31AM UTC
The NZDUSD pair breached 0.7049 level strongly and closed the daily candlestick above it, to active the bullish trend scenario on the intraday and short term basis, heading towards 0.7215 as a next main target.
Therefore, the bullish trend will be expected for the upcoming sessions supported by the EMA50 that carries the price from below, noting that breaking 0.7049 level will stop the suggested rise and push the price to visit 0.6915 areas mainly.
Expected trading range for today is between 0.7000 support and 0.7200
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...