The NZDUSD attempts to recover – Analysis - 08-06-2021
Economies.com
2021-06-08 04:32AM UTC
The NZDUSD pair traded with clear positivity yesterday to breach 0.7220 level and settles above it, but it begins today with bearish bias to move below the mentioned level, as it faces many negative factors provided by stochastic and the EMA50, which supports the chances of continuing the recently suggested decline, which targets visiting 0.7165 followed by 0.7125 levels as initial stations.
On the other hand, we should note that breaching 0.7240 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 0.7150 support and 0.7250 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...