NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD broke support zone
2019-11-11 • Updated
- NZD/USD broke support zone
- Next sell target - 0.7100
NZD/USD today broke through the support zone lying between the key support level 0.7200 (which has reversed the formed downward corrections (iv), (b) and (a), as can be seen below) and the 50% Fibonacci retracement of the earlier sharp upward impulse from the middle of May. The breakout of this support zone should accelerate the active c-wave of the minor ABC correction B from July. NZD/USD is expected to fall to next sell target at the next support level 0.7100 (target price for the completion of wave B).
Similar
EUR/GBP: bears eye 16-month-old support
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
Cable hit record high since 2018
Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!
Latest news
USD: Powell Speaks on Cutting Interest Rates
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
WTT: Currency Pairs To Trade In April
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
