– EURNZD reversed from support level 1.7565
– Likely to rise to resistance level 1.7800
EURNZD currency pair recently reversed up from the key support level 1.7565 (which has been reversing the price from June), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from March.
The upward reversal from the support level 1.7565 stopped the c-wave of the previous ABC correction 2 from the middle of August.
Given the oversold daily Stochastic, EURNZD currency pair can be expected to rise further toward the next resistance level 1.7800.
Saturday's statistics from China added to fears of a slowdown in the world's second-largest economy,…
Market Picture The crypto market started the weekend on a positive note but has been…
Influential financial media are promoting the need for a 50-basis point rate cut. The Fed's…
GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD…
- Ebay broke resistance level 62.00 - Likely to rise to the resistance level…
After three weeks of consolidation, gold moved decisively upwards, hitting a record above $2572 per…
This website uses cookies