The NZDUSD resumes the rise – Analysis - 31-07-2020

Economies.com
2020-07-31 00:46AM UTC

The NZDUSD pair provided strong positive trades yesterday after the temporary decline that it witnessed in the previous sessions, to start testing 0.6700 barrier now, which confirms resuming the main bullish trend, organized inside the bullish channels that appear on the chart, waiting to test 0.6750 level as a first positive target.

 

Therefore, we suggest witnessing more rise in the upcoming sessions conditioned by the price stability above 0.6625.

 

The expected trading range for today is between 0.6650 support and 0.6800

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

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 News

Forex

Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
NZD USD Analysis

Forex

The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
USD CAD Analysis

Forex

The USDCAD price touches the first target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCAD Price Analysis Expected Scenarios The USDCAD price managed to touch our first target ...