The New Zealand dollar has been really strong lately. Will it beat the multiyear highs?
NZD/USD: second 'V-Top' pattern in a row
2019-11-11 • Updated
There's the second 'V-Top' pattern in a row, so the price is consolidating. It's likely that the market is going to reach the nearest support at 0.6872 and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a green light for another bullish rally towards the previously tested resistance at 0.6937 - 0.6941.
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The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...