NZD/USD 4H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
NZD/USD remains in a strong downward trend, but there are emerging significant upside risks. The main threat to the short positions is represented by 0.6559, the lowest price since 2010. Nevertheless, the short-term outlook is still bearish, and we expect the New Zealand Dollar to keep depreciating for now, while the rallies are capped by the falling resistance trend-line.
If the key supply area at 0.6771 is breached, the target will then be a major cluster of resistances at 0.6925, where the weekly R3 merges with the monthly PP, Jun 25 high and also 200-period SMA. Meanwhile, the SWFX is distinctly bullish. Right now 68% of open positons are long.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 14 Jul 2015 07:05:24 GMT

AUD/NZD 4H Chart: Channel Up

Despite the length of the pattern (800 candles), the boundaries of the pattern remain shaky, and we still need the market to confirm the trend-lines, especially the lower one. This is where the long-term moving average should come to the rescue and help demand at 1.1066 to send the exchange rate higher, towards the upper edge of the channel. The

Mon, 13 Jul 2015 14:12:05 GMT

USD/NOK 4H Chart: Channel Up

The US Dollar was forced to return above the 55-period SMA and monthly R1 on Monday, after testing these levels last week. Therefore, the bearish correction is under a threat of being terminated in the nearest future, especially considering the strength of the next demand areas around 7.95, 7.88 and 7.83. As a result of that, daily and weekly technical

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.