EURNZD continues to rise inside the short-term ABC correction (ii) – which started earlier from the key multi-month support level 1.6320 (which stopped the extended downtrend in December) – strengthened by the lower daily Bollinger Band.
The price earlier broke the resistance trendline of the daily down channel from January – which strengthened the bullish pressure on this pair.
EURNZD is expected to rise further and re-test the next resistance level 1.6770 (top of wave 2 and the target price for the completion of the active ABC correction (ii)).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies