|Day's range||1.074 - 1.07|
|52-week range||1.0742 - 1.0792|
AUDUSD’s gradual recovery from 0.7758 recently reversed from 0.7890 horizontal-line, which in-turn signals the pair’s pullback to 0.7850 TL support. Should the pair break 0.7850, the 0.7830 and the 0.7790 are likely intermediate halts that it can avail before re-testing the 0.7760-55 support-zone. Moreover, pair’s declines below 0.7755 can make it vulnerable to rest on the 61.8% FE level of 0.7710. Meanwhile, break of 0.7890 could escalate the pair’s up-moves to 0.7910 and then to the 0.7955-60 horizontal-region. If at all Bulls conquer the 0.7960, the 0.8000 round-figure and 0. ...
Even if an immediate ascending trend-line continue favoring the GBPNZD’s upside, month-long downward slanting TL, at 1.9075, could confine the pair’s immediate advances. Should the pair manage to surpass the 1.9075 barrier, it can rise to 1.9160 and then to the 1.9240; however, the 1.9260-65 horizontal-region could restrict the quote’s following north-run. In case if the prices rally beyond 1.9265, chances of witnessing 1.9350 and the 1.9415 on the chart can’t be denied. On the downside, the aforementioned TL support of 1.8970 and the 1. ...
The Australian dollar surprisingly jumped after yesterday’s rate hike from the US Federal Reserve and even held steady against the following monetary statement which raises the question, is there still genuine interest in the Aussie battler.
Hawkish RBA lifts the AUD and creates a nice trading opportunity on the AUDUSD. First of all, we do have a bounce from the up trendline. Next are the correction equality pattern and the iH&S formation. What is more, the price came back above the 38,2% Fibonacci and used that as the closest support. All that is very positive for the AUDUSD in the mid-term.
Past few months for the NZDUSD were pretty rough. Since the tops in July, the price declined almost 800 pips and in the middle of November made the new yearly lows. Since that, we are slowly recovering and actually, we can see a light in the tunnel. Luckily it will not be a train and the buyers will not get smashed again.NZDUSD Daily
NZD/USD Having registered pullback moves from the May-month low, the NZDUSD couldn’t clear the 0.6930 horizontal-line and is again declining towards 0.6880 immediate support. Given the pair drops below 0.6880, the 0.6840 may offer an intermediate halt before reigniting the importance of 0.6815-20 region comprising recent low, which was also tested in May 2017. If … Continue reading Technical Outlook Of NZD/USD, EUR/NZD, NZD/JPY & AUD/NZD: 02.11.2017
EURUSD instead of creating the Head and Shoulder pattern is rather aiming for the bullish flag formation. We are very close to creating a buy signal there. All is needed at this point is the breakout of the 1.184 resistance. Political uncertainty and better data from Australia helped the AUDNZD to surge higher. We broke … Continue reading Bullish Power on the EURUSD, AUDNZD and AUDUSD