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NZDJPY rising inside corrective wave ii Likely to rise to resistance level 91.65 NZDJPY currency pair continues to rise inside the minor corrective waves ii, which started earlier from the powerful support level 87.00, which has been reversing the price from the end of October. The active wave ii belongs to the downward impulse sequence […]

The post NZDJPY Wave Analysis appeared first on Action Forex.

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27/12/2023

NZDUSD Clocks Fresh 5-Month High; Looks Overbought

NZDUSD stages a steady recovery from 2023 lows But momentum indicators warn of overbought risks Is there a pullback in sight? NZDUSD has been in a steep uptrend since its 2023 low of 0.5772, generating consecutive higher highs and a V-shaped recovery pattern. However, the latest advance seems substantially overstretched as the RSI has been within its overbought zone for […]
20/02/2024

Technical Outlook and Review

DXY: For DXY, the current momentum on the chart is assessed as bullish, with several factors contributing to this outlook. One notable factor is that the price is currently positioned above a major ascending trend line, indicating potential for further bullish momentum. Looking ahead, the price could potentially experience a bullish bounce off the 1st […]
03/05/2024

Market Analysis: AUD/USD and NZD/USD Attempt Another Recovery

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