Key Resistance Levels: 0.6600, 0.6800, 0.7000Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD resumes upward move but faces resistance at level 0.6800. Buyers are resuming a fresh uptrend at the 0.6545 support level. The pair will move up to retest the 0.67000 price level. Daily Chart Indicators Reading:The Kiwi has risen to […]
EURJPY Price Analysis – October 16 EURJPY is accelerating from a low of around 123.00 as upside potential prevails over sellers for another session on Friday. The cross has so far managed to hold above the 123.00 level. Given the uncertainty, it would be a mistake to set an end date for the response to […]
USDCHF Price Analysis – October 16 USDCHF hovered around its weekly highs while maintaining an upward trend above the 0.9100 average, although there were no strong subsequent purchases. During the European session on Friday, the pair hovers around the daily high of 0.9162, which is currently down 0.10% to hit 0.9134. Key LevelsResistance Levels: 0.9600, […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair is currently in a downward move. The pair retested level 106.00 to resume a downward move. The selling pressure is likely to continue as price breaks below the Simple Moving Averages. Daily Chart Indicators Reading: The 50-day […]
Key Resistance Levels: 0.9200, 0.9400, 0.9600Key Support Levels: 0.8800, 0.8600, 0.8400 EUR/GBP Price Long-term Trend: BearishThe Pound is in a downward move after rejection from level 0.9300. The pair fell to level 0.9100 and resumed downward after retesting level 0.9200. The pound has fallen to level 0.9052 and a further downward movement is expected. Daily […]
AUDUSD Price Analysis – October 15 AUDUSD added to its intraday losses and fell to a weekly low below 0.7100 at the start of the European session. Selling pressure around the AUDUSD pair intensified in the American session, knocking rates down to their lowest level in two weeks around 0.7056. The Australian dollar also remains […]
The EUR/AUD trades on a very bullish sentiment in the European session on Thursday, as the AUD continues to suffer several bouts of weakness. Meanwhile, the EUR is also under intense pressure amid several fundamental factors. The economic backlashes of the pandemic continue to ravage the euro, as the Eurozone is now under threat of […]
EURUSD Price Analysis – October 15 The euro currency trends beneath the 1.1725 level against the US dollar, with buyers of EURUSD losing strength. The pair is trading lower at the level of 1.1705 at press time. As the US-German bond yield differentials are growing amid concerns of a lengthy coronavirus-induced recession across the Eurozone, […]
Key Resistance Levels: 74.00, 76.00, 78.00Key Support Levels: 58.00, 60.00, 62.00 AUD/JPY Price Long-term Trend: BearishThe AUD/JPY pair has been in a downward move. This is immediately after the rejection at level 76.50. A retraced candle body tested the 61.8% Fibonacci retracement level. This implies that the Yen will further decline to level 1.618 Fibonacci […]
