Midday update for NZDUSD 11-05-2017

Economies.com
2017-05-11 10:24AM UTC

The NZDUSD pair keeps its stability below 0.6862 level, to keep the negative pressure valid for today, waiting to test 0.6780 level initially, reminding you that breaking this level will extend the bearish wave to reach 0.6614 as a next main station.

 

In general, the negative scenario will remain active for the upcoming period unless we witnessed clear breach and holding with a daily close above 0.6915.

 

Expected trading range for today is between 0.6730 support and 0.6915

 

Expected trend for today: Bearish

Forex and Currency News

USD/JPY 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 ...
EUR/USD news

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 ...
USD/JPY news

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

Technical Analysis

Forex

The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...
EUR JPY Analysis

Forex

The EURJPY hovers around the barrier – Forecast today – 17-5-2024
2024-05-17 07:10AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair took advantage of stochastic ...
GBP JPY Analysis

Forex

The GBPJPY renews the positive action – Forecast today – 17-5-2024
2024-05-17 07:09AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair overcame temporary negative ...