EUR/USD: local bearish 'Tweezers'
If the 144 Moving Average acts as resistance, the market is likely going to test the nearest support at 1.1558...
NZD/USD reversed from support zone
- NZD/USD reversed from support zone
- Next buy target - 0.7040
NZD/USD continues to rise after the earlier upward reversal from the support zone lying at the intersection of the long-term support level 0.6830 (which has been reversing the price from the end of 2017 as can be seen from the weekly NZD/USD chart below) and the lower weekly Bollinger Band. If the pair closes this week near the current levels it will form the weekly Hammer. NZD/USD is expected to rise further toward the next buy target at the next resistance level 0.7040.
Dmitry Chernovolov
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