NZDUSD keeps its negative stability – Analysis - 30-12-2016
Economies.com
2016-12-30 04:58AM UTC
The NZDUSD pair retested 0.6975 level and keeps its stability below it, to keep the negative pressure valid until now, supported by stochastic negativity that appears clearly on the four hours' time frame, waiting to resume the bearish bias in the upcoming sessions.
The price needs to break 0.6915 level to confirm opening the way to target 0.6780 level that represents our next main station, reminding you that breaching 0.6975 level will stop the negative scenario temporarily to lead the price towards testing 0.7049 before detecting the next destination clearly.
Expected trading range for today is between 0.6820 support and 0.7020
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...