A great fall of the Indonesian Rupiah
The Indonesian economy is highly affected by the combination of rising US yields and higher oil prices.
NZD/CAD approaching support level 0.9270
- NZD/CAD approaching support level 0.9270
- Next sell target - 0.9220
NZD/CAD continues to fall inside the minor corrective wave 2 – which started earlier from the resistance zone lying between the resistance level 0.9450, upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward ABC correction (2) from the start of February.
The price is currently approaching the support level 0.9270 (low of the aforementioned ABC correction (2)). If the price breaks below this support level - NZD/CAD can then fall to the next sell target at the support level 0.9220 (which stopped the previous long-term ABC correction ② in January).
_1200x1200_q90v3.png)
Dmitry Chernovolov
Similar
What is happening with the Turkish lira?
Turkish lira made a spectacular decline during the recent trading days…
Oil is in the arena
Oil is always the hottest topic. Other markets may be steady, however, the oil one never is.
Popular
AUD/USD: bulls cant breaking out SSB’s resistance
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
Deposit with your local payment systems
