NZD/USD Price Analysis: Bears moving in, eye downside extension NZDUSD Technical Analysis
Prior analysis:There are still prospects of a move lower although the 4-hour and 1-hour charts can be used to gauge as to whether there is going to be a deceleration in the bullish correction and so far, it is early days still. After all, the price is still on the front side of the bullish dynamic trendline support. NZD/USD has fallen below the trendline support which now turns to the counter trendline. The M-formation is a compelling feature on the chart as it is a reversion pattern.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EUR/USD Price Analysis: Euro bears appear running out of steam around mid-1.0800sEUR/USD Price Analysis: Euro bears appear running out of steam around mid-1.0800s EURUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Les mer »
EUR/JPY Price Analysis: Bulls and bears confront at a critical area on the chartsEUR/JPY is flat on the day and has stuck to a range of between 148.05 and 148.29 so far. The price action has been range bound for the initial balance
Les mer »
GBP/USD Price Analysis: Bears are moving in on the risk rallyGBP/USD is back to flat in the day after initial losses that were sparked in the face of the Bank of England Governor Andrew Bailey reiterating that h
Les mer »
GBP/USD Price Analysis: Retreats from 200-SMA, weekly resistance line, Cable bears eye 1.2425GBP/USD Price Analysis: Retreats from 200-SMA, weekly resistance line, Cable bears eyed 1.2425 GBPUSD Technical Analysis ChartPatterns SwingTrading SupportResistance
Les mer »
AUD/NZD Price Analysis: Bears attack key support near 1.0630 after Australia employment data, NZ budgetAUD/NZD Price Analysis: Bears attack key support near 1.0630 on disappointing Australia employment data AUDNZD Technical Analysis Employment FiscalPolicy Events
Les mer »
EUR/USD Price Analysis: Bears eye an extension but bulls look to test the 1.0880sEUR/USD is attempting to correct the heavy selling that has taken place over the course of several days. EUR/USD is currently trading at 1.0766 and is
Les mer »