• NZDUSD broke support area
• Likely to test support level 0.7000
NZDUSD recently broke the support area lying at the intersection of the support level 0.7100 and the 38.2% Fibonacci correction of the pervious upward impulse from the middle of October.
The breakout of this support area accelerated the C-wave of the active ABC corrective wave (2) from the end of February.
Given the predominantly bearish New Zealand dollar sentiment seen today – NZDUSD is likely to fall further toward the next support level 0.7000 – followed by the support level 0.6900.
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
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…
This website uses cookies