NZD/USD Price Analysis: Bulls take on 0.62s and eye 50% mean reversion NZDUSD Technical Analysis
shows the price moving into the neckline resistance area that is below the trendline resistance. A move beyond the neckline leaves the trendline resistance vulnerable. The price is running towards a micro daily trendline resistance but a correction from around the resistance could play out. The bears could be looking to target the 38.2% Fibonacci in this regard on a Fibo measurement drawn between the swing lows near 0.6160 and the trendline resistance.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
NZD/USD Price Analysis: Rebounds firmly above 0.6170 ahead of US/NZ Employment dataThe NZD/USD pair has scaled sharply above the immediate resistance of 0.6170 in the early Tokyo session. Earlier, the Kiwi asset witnessed an intense
Leer más »
NZD/USD bulls prod 0.6200 as RBNZ defends hawks, UK-New Zealand trade deal loomsNZD/USD clings to mild gains around 0.6180 as the Kiwi pair buyers cheer upbeat catalysts at home while struggling with the US Dollar strength during
Leer más »
NZD/USD bulls move in on key weekly resistance into the NZ jobs dataNZD/USD is pressured to the upside as we head towards the main events this week, starting today, Wednesday. On Tuesday, the pair rallied to 0.6218, an
Leer más »
USD/CHF Price Analysis: Fortnight-old resistance line, Doji prod bulls near 0.8950USD/CHF Price Analysis: Fortnight-old resistance line, Doji prod bulls near 0.8950 USDCHF Technical Analysis ChartPatterns SupportResistance SwingTrading
Leer más »
USD/CAD Price Analysis: Bulls are guarding critical support structures and eye 1.3700As per the prior USD/CAD analysis, USD/CAD bulls eye a run towards 1.3700 as risk sentiment sours, bulls remain in the picture for a run towards 1.370
Leer más »
USD/CAD Price Analysis: Bulls stay in control but a correction could be imminentAs per the prior analysis, USD/CAD Price Analysis: Bulls are guarding critical support structures and eye 1.3700, the bulls remain in control and cont
Leer más »