Midday update for the NZDUSD 17-05-2019
Economies.com
2019-05-17 10:41AM UTC
The NZDUSD pair continues to provide negative trading to crawl towards our first expected target at 0.6515, and the bearish channel continues to organize the bearish wave, waiting for more decline in the upcoming sessions, reminding you that surpassing the mentioned level will push the price towards 0.6425 as a next main target.
On the other hand, we should note that breaching 0.6580 will lead the price to achieve intraday gains and test 0.6654 before any new negative attempt.
The expected trading range for today is betwenen 0.6470 support and 0.6580
The expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...