EURNZD recently reversed up from the key support area lying between the major, long-term support level 1.6570 (which reversed the pair sharply in January and in June, as can be seen below) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous sharp ABC correction ② from the start of October.
EURNZD is expected to rise further and re-test the next resistance level 1.6800. Strong support remains at the support level 1.6570.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies