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, […]
NZDUSD Price Analysis – August 16 NZDUSD weekly support has stood firm to deny the bears. The market has been primed for a drop, but after several days, the price has been denied the opportunity to go lower. Two major weekly support zones have been responsible for directing the movement of the market – the […]
NZDUSD Price Analysis – August 9 NZDUSD breaks and retests its descending triangle to confirm bullish market tendencies. The market has been tapering down its triangle formation for the past two and a half months. During this period, there was a tough battle for supremacy between buyers and sellers, and the market could have gone […]
NZD/USD is trading in the green at 0.7012 at the moment of writing. It has decreased a little today but the bulls are still strong as the DXY is bearish. The pair could register sharp movements during the week as the US is to release high-impact data. Technically, the price action has signaled that the […]
NZDUSD Price Analysis – August 1 NZDUSD is in danger of reaching new lows for the year as bears increase pressure on the 0.69510 – 0.69170 weekly support. The market has been knocking down on this weekly support for the past 30 trading days now. This bearish agenda is sustained by the 0.70570 resistance, which […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. On June 18, the pair fell to the low of level 0.6922 and resumed a sideways move. The currency pair has been fluctuating between 0.6890 and $0.7050 for the past month. The Kiwi is […]
Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: BearishNZD/USD is in a downward move. The downtrend resumed after the rejection at level 0.7300. Following the breakdown on June 18, the bears are yet to break level 0.6922 of June 18. Instead, the price has been fluctuating above the […]
