The NZDUSD touches the target – Analysis - 21-07-2021

Economies.com
2021-07-21 04:40AM UTC

The NZDUSD pair managed to touch our waited target at 0.6900 and attempts to break it, to support the chances of extending the bearish wave on the short term basis, noting that the next targets reach 0.6810 followed by 0.6700.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions conditioned by the price stability below 0.7025.

 

The expected trading range for today is between 0.6850 support and 0.6950 resistance

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

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 ...
NZD/USD news

Forex

Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 01-05-2024
2024-05-01 10:07AM UTC
GBPUSD Price Analysis: Expected Scenarios The GBPUSD price attempted to break 1.2480$ level but it ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 01-05-2024
2024-05-01 10:07AM UTC
EURUSD Price Analysis: Expected Scenarios The EURUSD price shows some slight bullish bias now, ...
Technical Analysis

Forex

The GBPCHF provides positive signal – Forecast today – 1-5-2024
2024-05-01 05:33AM UTC
Scenarios and Trading Range Expected Scenarios GBPCHF price provided positive signals by ...