Instrument: NZDUSD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 0.70466 with a take profit 0.70035. Bearish Preference: Enter a Sell position if price trades below 0.70789 with take profit at 0.71032. Fundamentals:2:30 pm USD Final GDP q/q Comment: The dollar has been trading above major pairs but the fear of the new COVID has stopped …
Instrument: NZDUSD Technical Analysis Bullish Preference: Buy if price trades above 0.69741 with take profit at 0.69841. Bearish Preference: A sell is envisaged when price trades below 0.69443 with take profit at 0.69343. Fundamentals:4:00pm USD Revised UoM Consumer Sentiment8:00pm USD FOMC Meeting Minutes Comment: The dollar nursed losses on Wednesday as progress in developing a novel coronavirus vaccine and expectations for a …
Instrument: NZDUSD Intraday: BEARISH Technical Analysis Preference: Sell position is envisaged if price trades below 0.66466 with take profit at key level 0.66311. Alternative scenario: Buy if price trades above 0.66753 with take profit at 0.66923. Fundamentals:CPI m/m (USD) 1:30 pmCore CPI m/m (USD) 1:30 pm Comment: On the H1 we see the instrument is on a strong …
Instrument: NZDUSD Intraday: Bearish Technical Analysis Preference: Sell if price trades above 0.63925 with take profit at 0.63788. Alternative scenario: Buy position is envisaged if price trades above 0.64051 with take profit at key level 0.64227. Fundamentals:Feds chair Powell Testifies (USD) 5:30pm Comment: The Kiwi has been ranging against the USD from a strong support to a strong resistance …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 0.64624 with take profit at 0.65055 Alternative scenario: Sell is in order if price trades below 0.64347 with take profit at 0.63931. Fundamentals:Core Retail Sales m/m (USD) 1:30 pmRetail Sale m/m (USD) 1:30 pmFed Chair Powell Testifies 3:00pm Comment: Technically on the H1 there is …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 0.64060 with take profit at 0.63647. Alternative scenario: Buy position is envisaged if price trades above 0.64348 with take profit at 0.64570 Fundamentals:No major economic data with direct bearing to this pair Comment: Technically, this pair also got rejected at a psychological resistance zone twice which …
