The NZDUSD tests the resistance – Analysis - 24-05-2019
Economies.com
2019-05-24 00:45AM UTC
The NZDUSD pair provided clear positive trading yesterday to test the bearish channel’s resistance that appears on the chart, accompanied by stochastic loss to the positive momentum clearly and reaching the overbought areas, which forms negative motive that we are waiting to push the price to decline again, as our next target is located at 0.6425.
Therefore, the bearish trend scenario will remain active for the upcoming period unless breaching 0.6540 and holding above it.
The expected trading range for today is betwenen 0.6450 support and 0.6560
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...