• NZDUSD reversed from support area
• Likely to rise to 0.7200
NZDUSD recently reversed up from the support area lying between the pivotal support level 0.7010 (which has been reversing this currency pair from the start of December) and the 38.2% Fibonacci correction of the upward impulse from November.
The upward reversal from this support area is likely to form daily Japanese candlesticks pattern Bullish Engulfing – next to the previous daily Hammer.
Given the prevailing uptrend – NZDUSD is expected to rise further toward the next resistance level 0.7200 (which stopped the previous minor impulse wave 3).
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