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NZDUSD Retests Resistance Zone

NZDUSD Retests Resistance Zone
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NZD/USD Faces Further Rejection at Level 0.7050, Downtrend Is Likely

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 currency pair plunged to $0.6923 low after rejection from level 0.7300 overhead resistance. The pair was repelled thrice before the downward move At the downward correction, the price corrected upward but faced rejection […]

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NZD/USD Unable to Break Level 0.7100, Selling Pressure Likely

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 pair is making upward correction. The correction is facing resistance at the recent high. Meanwhile, on June 18 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that […]

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NZD/USD Falls into Oversold Region, Uptrend Is Likely

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 bearish trend. The Kiwi has been range-bound below level 0.7300 since April. On May 27, the pair was repelled at level 0.7311 as Kiwi fell to the low of level 0.7125. The pair made an upward […]

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NZD/USD Reaches the Overbought Region, Selling Pressure Likely

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingNZD/USD is in a sideways move below level 0.7300 Since April. The currency pair has been fluctuating between levels 0.7150 and 0.7300. Today, the currency has risen and it is breaking above the moving averages. This will propel price to […]

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GBP/USD Resumes an Uptrend, Targets Level 1.4436

Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD pair is in an uptrend. The current uptrend has broken the resistance at level 1.4241. The Pound will reach level 1.4400 if the bullish momentum is sustained. Meanwhile, in the uptrend of May 10, a retraced candle body tested […]

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NZD/USD Is in a Sideways Trend, Fluctuates Between Levels 0.7150 and 0.7300

Key Resistance Levels: 0.7000, 0.7200, 0.7400Key Support Levels: 0.6200, 0.6000, 0.5800 NZD/USD Price Long-term Trend: RangingPresently, NZD/USD is an upward move. The Kiwi is rising on the upside. The uptrend is approaching the resistance at 0.7300. Since April 28, the pair has been fluctuating between levels 0.7150 and $0.7300. However, the overhead resistance at level […]

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