The NZDUSD recovers – Analysis - 11-07-2019
Economies.com
2019-07-11 04:26AM UTC
The NZDUSD pair bounced upwards clearly after 0.6585 level formed solid support barrier against the price’s recent negative attempts, to breach 0.6650 level and settles above it now, which hints the price head to achieve more expected gains in the upcoming sessions, on its way to test 0.6700 initially.
Therefore, the bullish bias will be expected for today, noting that breaching the targeted level will push the price towards 0.6750 as a next station, while the suggested rise will remain valid unless breaking 0.6585 level and holding below it.
The expected trading range for today is betwenen 0.6600 support and 0.6720
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...
Forex
The NZDUSD price keeps its positive stability – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
NZDUSD Price Analysis The NZDUSD price is still above the 0.6000$ level, and the positive effect ...
Forex
The AUDUSD price faces solid resistance – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
AUDUSD Price Analysis The AUDUSD price tested 0.6640$ level again and found solid resistance ...