The NZDUSD pair provided slight positive trades but it’s still below 0.6426 level, noticing that stochastic begins to provide negative signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by testing 0.6340 level.

Therefore, we will keep our bearish overview unless the price rallied to breach 0.6426 and hold above it.

The expected trading range for today is between 0.6340 support and 0.6440

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1331	0.0000	0.0035%
End of day analysis for the EURUSD 08-07-2020
	GBP/USD	1.2614	0.0107	0.8527%

	Tadawul	7394.26	-6.27	0.08%

	Silver	18.717	0.370	2.019%

	Oil	40.875	0.640	1.591%
End of day analysis for Crude oil 08-07-2020
	Brent Oil	43.35	0.27	0.63%

	Gold	1809.240	23.255	1.302%
End of day analysi for Gold 08-07-2020

Live Forex Updates

Dollar falls as coronavirus crisis escalates

2020-07-08 19:23:28 GMT

US crude inventories rise nearly 6 million barrels - EIA

2020-07-08 14:53:12 GMT

Dollar resumes losses on growing odds for US monetary stimulus

2020-07-08 12:35:44 GMT

Sterling gives up 3 week high on profit-taking

2020-07-08 08:54:00 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.