Tuesday, August 26, 2014

Will the NZD/USD pullback to the 0.8400 level?

The New Zealand Dollar has been strengthening versus the US Dollar and it looks like it wants to keep its bullish momentum as shown on the daily chart of the NZD/USD. If the fundamentals out of the US show any signs of weakness, then the pair may continue going higher and it may try to reach the next round number level of 0.8400. If the price does reach that price zone, then it may try to bounce from there to the downside or at least try to stall its rise there.


at

5 comments:

  1. AnonymousAug 27, 2014, 3:37:00 AM

    The pullback can go as far 0.85 handle in my opinion.

    ReplyDelete
  2. UnknownAug 27, 2014, 5:20:00 AM

    I agree with htotrading, it might climb all the way to 0.85.

    ReplyDelete
  3. UnknownAug 28, 2014, 1:34:00 AM

    Interesting analysis, thank you.

    ReplyDelete
  4. UnknownAug 28, 2014, 2:12:00 PM

    I think we will have to wait and see

    ReplyDelete
  5. UnknownAug 29, 2014, 2:22:00 PM

    It may well test 0.84 level, let's see.

    ReplyDelete

Subscribe to: Post Comments (Atom)

WTI oil at the 200 day EMA

WTI oil breaks below the 66.27 support zone and accelerates its bearish momentum towards the 200 day EMA around the 64.30 level. We have b...