NZDUSD completes the positive pattern – Analysis - 23-02-2017
Economies.com
2017-02-23 05:31AM UTC
The NZDUSD pair rallied higher clearly with the end of yesterday’s trading to breach 0.7174 level and settles above it, to complete forming the falling wedge pattern that its lines appear in the image, which might push the price to resume its main bullish track that stopped to make some bearish correction.
Therefore, the bullish trend will be preferred in the upcoming sessions unless breaking 0.7174 level and holding below it, pointing that the positive targets begin at 0.7250 and extend to 0.7375.
Expected trading range for today is between 0.7130 support and 0.7329
Expected trend for today: Bullish
Forex and Currency News
Forex
Aussie backs off four-month high despite RBA's aggressiveness
2024-05-21 03:51AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, extending ...
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 21-05-2024
2024-05-21 10:08AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price resumes its positive trading and ...
Forex
The EURUSD price forecast update - 21-05-2024
2024-05-21 10:08AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows sideways trades to test ...
Forex
The GBPCHF confirms the positivity – Forecast today – 21-5-2024
2024-05-21 05:11AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price confirmed moving to the bullish ...