NZD/USD inside a bullish area

NZD/USD inside a bullish area

NZD/USD is hovering inside a strong demand zone established between the 0.7306 and 0.7267 levels, which should bring further rebounds in order to resume the bullish structure towards the Fibonacci target of -23.6% in the 0.7498 level. To the downside, the support zone of 0.7267 could give up in order to allow losses toward the 100% Fibo area at 0.7175.

RSI indicator remains in the negative territory, favoring for another leg lower in the short-term.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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