AUD/USD is looking badly
AUD/USD began the week slightly higher reaching as high as 0.7725 before declining earlier today to 0.7690’s.
NZD/USD is pulling down
2020-04-21 • Updated
NZD/USD may be on the verge of breaking to lower levels. The pair formed a doji candlestick with a long upper shadow on the D1 - this is a bearish sign. The declining 50-day MA is capping the prices at 0.6110. On the H4, we see that the price has made a lower high. The oscillators are declining, so the pressure on the support line connecting April lows will likely intensify. The fall below the last week’s minimum of 0.5920 will open the way down to 0.5875 and 0.5800 (38.2% and 50% Fibonacci of the March-April advance). Recoveries will meet resistance in the 0.6040/70 area.
Trade idea for NZD/USD
SELL 0.5915; TP1 0.5875; TP2 0.5800; SL 0.5930
Similar
USD/CAD is out of the range
USD/CAD mas managed to leave the range. The pair is now targeting higher levels.
EUR/USD: update for a trade
Read the article to discover the key level for EUR/USD and make an informed trade decision.
Latest news
Microsoft hit record high
These days, investors’ attention is on Microsoft ahead of the company’s Windows 11 event on June 24.
Technical analysis for EUR/USD
EUR/USD found support at 1.1845 and is currently trading just below the 61.8% Fibonacci retracement of the March-May advance at 1.1920.
NZD/USD: a short-term spike
NZD/USD has returned above the 50-week MA at 0…
Deposit with your local payment systems
