NZD/USD 1H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
Having found strong support at 0.7420 on Apr 13, the New Zealand Dollar has been strengthening relative to its US counterpart lately. However, right now NZD/USD is undergoing a bearish correction. This short-term sell-off is expected to end near 0.7568, and a new attack on the Apr 3 high at 0.7630 should follow soon. Once this mark is overcome, the next serious obstacle will be represented by the Mar high at 0.77. On the other hand, if demand at 0.7568 proves to be weak, the pair will have a chance of rebounding from 0.7547, while a deeper decline will most likely extend down to 0.7422, namely to the Apr 13 low together with the weekly S2.
© Dukascopy Bank SA
Back to articles

Actual Topics

Thu, 16 Apr 2015 13:34:20 GMT

EUR/SGD 1H Chart: Channel Down

Two days ago, the EUR/SGD currency pair neared the lower boundary of the channel down pattern that has been emerging on an hourly chart since March 26. Even though this level was not strengthened by any important technical line, the single currency managed to rebound and is currently heading upwards. Judging from 1H technical studies, the pair may show some

Thu, 16 Apr 2015 06:20:06 GMT

EUR/SEK 1H Chart: Channel Down

EUR/SEK is currently trading in a down-trend, and the bearish momentum is likely to persist at least until we get to the Apr 1 low at 9.2530. However, in the very near term the Euro has a good chance of gaining some ground, being that the currency pair has nearly reached the lower boundary of the channel. These gains should

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
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.