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 […]
NZDUSD Price Analysis – September 5 NZDUSD is set to lose its bullish momentum as sellers continue to add more pressure to the market. There has been a market shift as price begins to consolidate between the significant key levels of 0.73160 and 0.71620. Price then broke through the 0.71620 significant level, indicating that the […]
NZDUSD Price Analysis – August 29 NZDUSD bears are making a significant pullback as the market is rallying upward. Before breaking out, the price initially broke through the 0.70200 resistance key level. However, the market entered a bearish trend after breaking through the major key levels of 0.69500 and 0.69000. Following that, the price reversed […]
NZDUSD Price Analysis – August 23 NZDUSD is likely to continue a downtrend as it appears to be trading above the 0.6800 significant level. The downtrend is perceived to be strong due to a range of consolidations. This consolidation is between the 0.70300 resistance key level and the 0.6900 support level. Because of this accumulation, […]
