The NZDUSD retests the broken support – Analysis - 19-01-2021
Economies.com
2021-01-19 05:24AM UTC
The NZDUSD pair begins today with bullish bias to retest 0.7150 level that was broken previously, and the price needs to hold below this level to keep the negative effect of the double top pattern active, which supports the expectations of continuing the bearish correction towards 0.7047 as a next negative target.
Therefore, our bearish overview will remain valid for the upcoming period unless breaching 0.7150 followed by 0.7205 levels and holding above them.
The expected trading range for today is between 0.7050 support and 0.7200
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...