Logo-color Logo-white

NZDUSD broke key resistance level 0.6200 Likely to rise to resistance level 0.6360 NZDUSD currency pair under the bullish pressure after breaking the key resistance level 0.6200 (which has been reversing the price from the end of July). The breakout of the resistance level 0.6200 accelerated the active minor impulse wave 1 of the medium-term […]

The post NZDUSD Wave Analysis appeared first on Action Forex.

previous

Steady Recovery Signals Strength Amid Market Cautiousness

next

GBPNZD Wave Analysis

Read More

27/01/2024

Sunset Market Commentary

Markets European bond markets still opened stronger in the wake of yesterday’s unconvincing press conference by ECB President Lagarde. The move lacked momentum though with first individual ECB members sounding more hawkish than Lagarde did. We must admit that it weren’t the most high-profile representatives though. Latvian ECB Kazaks admits that rates should start to […]
07/06/2024

USDCHF Posts More Than 2-month Low

USDCHF finds strong obstacle at 200-day SMA MACD endorses negative momentum; RSI near oversold region USDCHF plunged to a new more than two-month low of 0.8879 today but has found support at the 200-day simple moving average (SMA) in the 0.8895 area.   The pair is currently in a bearish retracement with the 20- and the 50-day SMAs […]
18/04/2024

US, Japan Express Concern Over Japanese Yen

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%. It’s a light data calendar today. US unemployment claims were unchanged at 212,000 and the Philly Fed Manufacturing index surged to 15.5 in April, up from 3.5 in March and crushing the market estimate of […]