NZDUSD Price Analysis – October 24 NZDUSD cuts across its consolidation space to break into the upper consolidation zone. The market finally breaks above the 0.71560 critical supply line. This happens as the price surges directly from the demand level at 0.69510. It took just six days for NZDUSD to rise from the lower end […]
NZDUSD Price Analysis – October 19 NZDUSD races back to a key significant key level in a bullish market. Kiwi continues to amass maximum strength by pushing the price upward. The market accelerated, breaking through an important key level of 0.69800 before advancing upward. The sellers dropped from the 0.71500 price level down to the […]
NZDUSD Price Analysis – October 17 NZDUSD bounces higher after reacting strongly against the sellers. The bears tried to pin the market down to the weekly support. This initially made the price drill lower to 0.68800, but it recovered immediately back to the 0.69150 support. At this level, the market reacted strongly against the bulls, […]
NZDUSD Price Analysis – October 11 NZDUSD fails to make any significant moves over the past trading week. Price remains in a bearish territory within the weekly support zone. An undulating movement sees the market touch down on the support at 0.68650 by the end of September. Following that, the price bounced back up to […]
NZDUSD Price Analysis – October 4 NZDUSD retests a key level as it makes a reversal back upwards. The market had fallen to the support at 0.69910, in which price retests the level a couple of times before dashing through it downward. The intensity of price drop also allowed the market to easily bypass the […]
NZDUSD Price Analysis – September 26 NZDUSD is disallowed at the 0.71560 key level from passing the transition zone to the upper half of its general consolidation zone. This, therefore, brings an end to the market rally that began on the 23 of August from the 0.68101 demand level. The market hit a sharp rejection […]
NZDUSD Price Analysis – September 20 NZDUSD faces a downslide after suffering severe rejection at the 0.71560 transition zone. Buyers had pumped the market up in retaliation to the price plunging below a consolidation phase that had lasted for weeks. The rally pulled price from the 0.68101 key level and drove it beyond the 0.70570 […]
NZDUSD Price Analysis – September 12 NZDUSD will continue to fall as the price keeps making a downward movement. The price retested the 0.71620 resistance zone before bouncing back to the 0.70740 support zone. There appears to be a bullish rejection as the price continues to respond to the 0.71620 key level. Sellers have now […]
Key Support: 0.7075 Key Resistance: 0.7175 – 0.7250 The NZDUSD has been trading with real bullish momentum since it bottomed back in August 20th at the 0.68 level (+5.39% from low to high). This move created a clean breakout of the previous base at the 0.7115 level and retesting the overall bearish structure. Price has […]
