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RBNZ Holds Rates But Still Room For Further Easing
Rates Held At Record Lows With the RBNZ having unexpectedly cut rates by .50% at its last meeting, there was a lingering sense of caution coming into yesterday’s meeting. While the bank was not expected to cut rates again, there was certainly the sense that the market was not looking to be caught off guard […]
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NZDUSD approaching support, potential for a bounce!
NZDUSD is expected to drop to 1st support at 0.66613 where it could potentially react off and up to 1st resistance at 0.67263. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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NZDUSD near support, could possibly bounce
NZDUSD is approaching our first support at 0.6603(100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 0.6667 (horizontal overlap resistance, ,38.2% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the […]
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NZDUSD near support, could possibly bounce
NZDUSD is approaching our first support at 0.6603(100% Fibonacci extension, horizontal swing low resistance, 38.2% Fibonacci retracement )where a strong bounce might occur pushing the price up to our major resistance at 0.6667 (horizontal overlap resistance, ,38.2% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the […]
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NZDUSD approaching resistance, potential drop!
NZDUSD is approaching our first resistance at 0.6702 (horizontal pullback resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.6585 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure. Stochastic is also approaching resistance where we […]
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NZDUSD approaching support, potential bounce!
NZDUSD is approaching our first support at 0.6556 (76.4% Fibonacci retracement, 100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 0.6708 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you […]