Why Many Forex Traders Consider AUD/NZD Their Favorite Currency Pair Reactive trading and news trading - the strategies that are based on your interpretation of the events - are always a hot topic. While it is popular among cryptocurrency enthusiasts, who may have access to the best first-hand knowledge about the coins they are trading, it may be not the best strategy when trading Forex. There is a currency pair that shares ...
AUDUSD failed to make a convincing break above the descending trendline yet again. The pair currently holding the 0.7100 handle after a somewhat excessive move to the downside. Key support situated at the 0.7067, which marks the 23.6% Fibo level. Momentum indicators remain bearish; however, this has eased in recent sessions, which in turn could see slight stabilisation in the near-term. On the topside, resistance is at 0.7180-0.7200. ...
AUD/NZD The third quarter of the year saw some interesting shifts in the dynamics between Australia and New Zealand. While the RBA largely tried to stay behind the headlines this year, New Zealand has seen some considerable change over the past couple of months. Jacinda Ardern was elected as Prime Minster of the nation in early-August, and matters haven’t really been the same for the New Zealand Dollar since. Ms. Ardern has already ...
H4 price is below 100 SMA/200 SMA for the bearish market condition: the price is on ranging within the following support/resistance levels: 1.0462 resistance level located in the beginning fo the bear market rally to be started, and1.0418 support level located in the primary bearish trend to be resumed.
H1 price is on ranging within 1.0494 resistance and 1.0447 support level waiting for the direction of the strong trend to be started. If the price breaks 1.0494 resistance to above so the intra-day bullish trend will be resumed. If the price breaks 1.0447 support level so the primary bearish market condition will be started.
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