NZD/USD is counting on AB=CD
NZD/USD failed at the first test of the lower border of the 0.6710-0.685 consolidating range and the upper border of the downtrend channel.
Tag - nzd - new zealand dollar
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NZD/USD: a downtrend may resume
On the daily chart, NZD/USD reached 224% target of junior AB=CD and bulls are trying to counterattack.
Weekly Forex Outlook: August 20-24
The week won’t be notable with a big number of economic events.
NZD/CAD falling inside minor impulse (v)
NZD/CAD falling inside minor impulse (v) Next sell target - 0…
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Technical and fundamental market analysis…
NZD/USD: kiwi fell
NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range.
AUD/NZD broke major resistance level 1.0950
AUD/NZD broke major resistance level 1…
Weekly Forex Outlook: August 6-10
Let’s start with a look at the economic calendar for the upcoming days.
Webinar: Weekly Market Outlook
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NZD/USD: a head and shoulders
NZD/USD is ready to trigger a “Broadening wedge”. For that, bears need to pull it below support at 0.6715 where the lower border of the “Spike and ledge” pattern lies.
NZD/CAD broke support level 0.8850
NZD/CAD broke support level 0…
