NZD/USD: Short Review & Analysis

We expect the pair to move in a slightly bearish way today.

Technical Analysis
07 sept 2017
NZD/USD: Short Review & Analysis

Today we would look at the NZD/USD currency pair.

For some time now the pair has been moving in a bearish manner below 0.7217, down from 0.7247 previously. The level of 0.7217 actually proves to be an insurmountable resistance level for the NZD/USD at this moment that the pair is simply incapable of overcoming. The NZD/USD seems to be inching closer to the nearby support at 0.7174, so we need to stay alert and be patient until the sideways price channel is fully formed.

Quite on the contrary, Wednesday saw the pair attempting to make new gains, trading above the first resistance and climbing towards the second one at 0.7290. After it failed to overcome it, it retreated to the type of movement we see today. It is not very likely that we would see the pair climb to the second resistance, since the first one is proving to be quite challenging. Therefore, we can wait and see if the NZD/USD will actually drop further down and provide us with a good opportunity to trade on a more pronounced bearish trend.

In the current scenario it would be best if we took sell positions below the resistance at 0.7247, placing our first target at the nearby support level at 0.7174. If the NZD/USD drops further down, our second target would be 0.7144.

Currently the pair is trading around 0.7198, above the support levels. All technical indicators are unanimously giving us a strong sell signal.

SuperForex
GBP/USD Technical Analysis & Daily Chart

Technical Analysis

GBP/USD Technical Analysis & Daily Chart

The pair will be moving with some volatility today amid a series of economic reports.

SuperForex
07 sept 2017
USD/SEK: Review & Forecast

Technical Analysis

USD/SEK: Review & Forecast

The SEK achieved its level from November 2014 thanks to the weakened USD.

SuperForex
06 sept 2017
USD/CHF Technical Analysis & Daily Chart

Technical Analysis

USD/CHF Technical Analysis & Daily Chart

With the recent development we see a potential for further growth in the USD/CHF rate.

SuperForex
05 sept 2017