NZDUSD resumes rising – Analysis - 31-01-2017
Economies.com
2017-01-31 04:50AM UTC
The NZDUSD pair shows positive trading in attempt to move away from the intraday bullish channel that appears on chart, and the price gets continuous positive support by the EMA50, to keep the bullish trend active in the upcoming period, waiting to surpass 0.7329 barrier to confirm extending the bullish wave towards 0.7484.
Holding above 0.7215 represents key condition to continue the expected rise, as breaking this level will push the price to turn its intraday and short term track to the downside, to start the negative targets at 0.7049.
Expected trading range for today is between 0.7215 support and 0.7400
Expected trend for today: Bullish
Forex and Currency 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
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...