NZDUSD retests – Analysis - 02-03-2017
Economies.com
2017-03-02 05:22AM UTC
The NZDUSD pair approached from retesting 0.7174 level that turns into key resistance now after breaking it previously and bounced bearishly from there, to start testing 0.7112 support, waiting to break this level to confirm the extension of the correctional bearish wave towards 0.7049.
Therefore, the bearish bias will remain suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, reminding you that breaching 0.7174 level will lead the price to stop the current bearish correction and regain its main bullish track again.
Expected trading range for today is between 0.7049 support and 0.7215
Expected trend for today: Bearish
Forex and Currency News
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The GBPUSD price shows new positive trades attempting to approach the ...
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...