The NZDUSD under the negative pressure – Analysis - 16-08-2022
Economies.com
2022-08-16 03:28AM UTC
The NZDUSD pair broke 0.6380 level clearly and settled below it, to fall under more expected negative pressure in the upcoming period, on its way to visit 0.6320 as a next negative station.
Therefore, we expect the continuation of the domination of the bearish trend on the intraday basis, and breaking the mentioned level will push the price to 0.6260 as a next target, while breaching 0.6380 represents the key to return to the bullish track again.
The expected trading range for today is between 0.6300 support and 0.6410 resistance
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...