NZD/USD Rate Vulnerable as Former Support Offers Resistance

BY admin admin

NZD/USD may face a more bearish fate ahead of the RBNZ meeting on May 13 as the former support zone around 0.6170 to 0.6230 appears to be acting as resistance.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

NZD/USD Price Analysis: Remains below two-week high amid modest USD strength

The NZD/USD pair reverses an intraday dip to levels just below the 0.6000 psychological mark and turns neutral during the first half of the European s

Forex

USDCHF: Elliott wave analysis and forecast for 27.11.20 – 04.12.20

Main scenario: consider long positions above the level of 0.8978 with a target of 0.9296 – 0.9468. Alternative scenario: breakout and consolidation below the level of 0.8978 will allow the pair to con

Forex

United States Personal Income (MoM) above expectations (-6%) in May: Actual (-4.2%)

United States Personal Income (MoM) above expectations (-6%) in May: Actual (-4.2%)

Copyright © 2024 | WordPress Theme: Xews Lite