Midday update for the NZDUSD 17-09-2020
Economies.com
2020-09-17 09:31AM UTC
The NZDUSD pair trades with clear positivity after the negative pressure that it witnessed this morning, to attempt to move away from the intraday bullish channel’s support line that appears on the chart, which hints the price head to attempt to recover and resume the main bullish trend again, which makes us prefer staying neutral until we get clearer signal for the next trend.
Note that breaking 0.6700 will put the price under the negative pressure that targets 0.6600 followed by 0.6477 levels mainly, while breaching 0.6755 will allow the price to continue achieving gains and test 0.6790 initially.
The expected trading range for today is between 0.6630 support and 0.6760
The expected trend for today: Neutral
Forex and Currency News
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
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...