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NZDUSD currency pair continued its bearish rally, where, to date, already gained by more than 500 points over the course of four weeks. The Bears press the market, to the levels (0.7000, 0.6890), which many buyers saw as pivot points, declined, and the quotes rise further, where before it is a six-month low, reflecting the range of 0.6820/0.9780. The pair is overheated, and no one argues with this, but so far the descending interest remains and it will continue the said course. Where is the point of support hiding? - there is no exact answer yet. Buyers are hoping for a range of 0.6820/0.9780, but even near it, it is worth looking at clear decelerations and the resumption of "bullish" interest, before rushing into long positions.
Key Levels
Resistance zones: 0.7000; 0.7180; 0.7250 * 0.7340 *.
Support zones: 0.6820; 0.6700 *; 0.6580.
* Periodic level
Please note: Predictions are not a direct guide to action!
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Il est probable que la paire EUR/USD continue de baisser dans les heures à venir et pourrait même atteindre le niveau 5/8 de Murray autour de 1,0986 la semaine prochaine
L'indicateur Eagle atteint des niveaux de survente, nous pensons donc que tout repli, tant que le prix de l'or reste au-dessus du niveau 4/8 Murray, sera considéré comme une opportunité
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