NZDUSD faces solid resistance – Analysis - 01-12-2016
Economies.com
2016-12-01 05:09AM UTC
The NZDUSD pair bounced bearishly after the price found solid resistance formed by the previously broken support of the bullish channel that appears on chart at 0.7155, to approach from testing the key support 0.7049 again, accompanied by stochastic move inside the oversold areas, besides the EMA50 meet with the mentioned support to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions conditioned by the price stability above 0.7049, reminding you that our main targets begin at 0.7215 and extend to 0.7483.
Expected trading range for today is between 0.7000 support and 0.7215
Expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...