NZDUSD today reversed down from the resistance zone located between the resistance level 0,6100 (which stopped previous wave A), upper daily Bollinger Band and the 50% Fibonacci retracement of the sharp downward impulse from December.
This resistance zone was further strengthened by the lower trendline of the recently broken wide weekly down channel from 2018 (acting as resistance after it was broken).
NZDUSD is expected to fall further toward the next round support level 0.6000.
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
