NZDUSD gets the positive momentum – Analysis - 18-10-2018

Economies.com
2018-10-18 04:36AM UTC

The NZDUSD pair provided slight negative trading yesterday to settle around 0.6550 level now, noticing that stochastic shows clear oversold signals now, while the EMA50 continues to carry the price from below.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, which targets testing 0.6635 level mainly, reminding you that the continuation of the expected rise depends on the price stability above 0.6500.

 

Expected trading range for today is betwenen 0.6500 support and 0.6635

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex News

Forex

Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
NZD USD Analysis

Forex

Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...