NZD/USD higher and looks to test levels above 0.7400

NZD/USD higher and looks to test levels above 0.7400

NZD/USD has been doing a correction from September 20th highs at 0.7430 and currently challenges a demand zone established between the 0.7307 and 0.7270 levels. According to our Fibonacci projections, the pair is poised to continue with the rally from the current stage and looks forward to reach the next Fibonacci target of -23.6% at 0.7493, once it breaks highs mentioned above.

To the downside, Kiwi could invalidate the bullish scenario with a breakout of September 14th lows, which should open the doors to test the psychological area of 0.7100. RSI indicator remains in the positive territory.



GBP/USD: "V-Top" pattern

We're likely going to have a downward correction. It's likely that bears are going to test the closest support at 1.4066 during the day...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera