The NZDUSD awaits confirmation signal – Analysis - 05-01-2022

Economies.com
2022-01-05 05:04AM UTC

The NZDUSD pair continues to fluctuate between the next trend keys represented by 0.6780 support and 0.6830 resistance, which makes us continue with our neutrality until the price confirms surpassing one of these levels.

 

We remind you that breaching the mentioned resistance will lead the price to achieve bullish correction that its targets begin at 0.6895, while breaking the support represents negative factor that will press on the price to visit 0.6700 as a first main target.

 

The expected trading range for today is between 0.6750 support and 0.6850 resistance

 

The expected trend for today: Neutral

Forex and Currency News

AUD/USD news

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 ...
GBP/USD news

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 News

Forex

Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...

Forex Technical Analysis

Technical Analysis

Forex

The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
EUR JPY Analysis

Forex

The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...
GBP JPY Analysis

Forex

The GBPJPY achieves the targets – Forecast today – 24-4-2024
2024-04-24 05:37AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Sustained Bullish Momentum The ...