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Strong US economic data can no longer support the US dollar, which is more responsive to the dynamics of US government bonds. It is worth waiting for its further fall.
In case of further growth in NZD/USD, the targets will be the resistance levels 0.7240, 0.7550.
In an alternative scenario, NZD/USD will resume its decline. The first signal to open short positions with a target at support level 0.7000 will be a breakdown of short-term support level 0.7145.
Sell Stop 0.7135. Stop-Loss 0.7185. Take-Profit 0.7100, 0.7083, 0.7000, 0.6970, 0.6935, 0.6865, 0.6800
Buy Stop 0.7185. Stop-Loss 0.7135. Take-Profit 0.7200, 0.7240, 0.7269, 0.7315, 0.7380, 0.7430, 0.7550
Last week, the US dollar fluctuated as inflation data came in above expectations, sparking volatility. Amid talks of potential shifts in Federal Reserve policy, investors are...
Bearish: We are currently @ 1.2735 in a channel in a range. We are continuing a third wave and looking to continue the channel to the ATR target @ 1.2680 with a further S4...
The Japanese yen is showing limited movement to start off the week. In the European session, USD/JPY is trading is almost unchanged at 149.07.Will the BoJ Raise Rates on...
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