The NZDUSD is retsting – Analysis - 08-03-2021
Economies.com
2021-03-08 05:04AM UTC
The NZDUSD pair bounced bullishly to retest the broken support of the main bullish channel after touching our first waited negative target at 0.7110, accompanied by witnessing overbought signals through stochastic, waiting to motivate the price to resume the bearish trend, which its next target located at 0.7000.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.7195 and holding with a daily close above it.
The expected trading range for today is between 0.7080 support and 0.7200 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...