NZD/USD: entering the six-year resistance zone
The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD: price to test Moving Averages
2019-11-11 • Updated
All the Moving Averages have been broken because of the last 'Flag' pattern. It's likely to have a local downward correction towards the previously tested support at 0.6813 and the Moving Average lines. If a pullback from these levels happens little later on, there'll be a green light for another bullish rally, so we should watch an area at 0.6868 - 0.6886, which acted as resistance many times before.
Similar
EUR/GBP: bears eye 16-month-old support
The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
Cable hit record high since 2018
Jump in to get the technical analysis of EUR/GBP, GBP/USD, and gold!
Latest news
Is Bitcoin Set to Drop?
Bitcoin's price remains stagnant despite the Fed's slightly less hawkish tone. In contrast, Bitcoin has outperformed other assets, doubling in price from $16K to nearly $38K this year. Improved fundamentals, including the resolution of Binance concerns...
Top Three Trade Ideas for December 2023
Hey folks, it’s a wrap to yet another month in the 2023 calendar, and I’m guessing you know what that means - time for another episode in the “What To Trade” series. For December, I will be mapping out trade more cautiously as the market volatility often drops
Gold Breaks To New Highs. What Is Expected In December?
Gold prices, reaching the highest since May 5, are consolidating as traders await the US PCE Price Index, a key inflation indicator. The upcoming data could impact the Fed's policy, influencing the demand for the US Dollar and providing direction for gold. The Greenback sees some repositioning, recovering modestly ahead of the data risk.
