The NZDUSD attempts to recover – Analysis - 17-05-2022
Economies.com
2022-05-17 04:02AM UTC
The NZDUSD pair couldn’t manage to break 0.6230 level, to trade with clear positivity and reach the bearish channel’s resistance that appears on the chart, hinting the beginning of potential bullish correction, which makes us prefer to stay aside until the price confirms its situation according to 0.6335 level.
Note that breaching the mentioned level will lead the price to achieve additional gains that start at 0.6380 and extend to 0.6465, while consolidating below it will press on the price to resume the main bearish wave that targets testing 0.6230 initially.
The expected trading range for today is between 0.6270 support and 0.6380 resistance
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...