EURNZD recently reversed up from the support area lying between the pivotal support level 1.7500 (former strong resistance level from August), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from August.
The upward reversal from this support started the active short-term impulse wave (v) – which belongs to the medium-term impulse wave 3 from June.
EURNZD is expected to rise further and re-test the next resistance level 1.7800 (top of the previous impulse wave (iii) from September).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies
