NZDUSD resumes the decline – Analysis - 30-10-2017
Economies.com
2017-10-30 04:25AM UTC
The NZDUSD pair resumes its negative trading after the slight rise that it witnessed in the previous sessions, supported by the negative signal provided by stochastic now, besides the pressure coming by the EMA50.
Therefore, we believe that the chances are valid to achieve more decline in the upcoming sessions, and the price needs to break 0.6817 level to confirm extending the bearish wave towards 0.6617, noting that holding below 0.6992 represents the most important condition to continue the suggested bearish wave.
Expected trading range for today is between 0.6750 support and 0.6900
Expected trend for today: Bearish
Forex and Currency News
Forex
The Australian dollar shines and the Japanese yen collapses!
2024-04-28 18:43PM UTC
Market Updates on Foreign Currencies The Australian currency tops the list of winning ...
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...