Midday update for the NZDUSD 08-04-2020

Economies.com
2020-04-08 09:40AM UTC

The NZDUSD pair hovers around 0.5958 level and around the EMA50, waiting to activate the positive signal provided by stochastic to confirm trading above the mentioned level followed by resuming the expected bullish trend for today, which targets 0.6073 level initially, while its continuation requires holding above 0.5958 and 0.5920 levels.

 

The expected trading range for today is between 0.5885 support and 0.6050

 

The expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...

Forex Technical Analysis

Forex

Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
EUR JPY Analysis

Forex

The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
GBP JPY Analysis

Forex

The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...