OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: NZD/USD sideways trading at 0.8365/68

FXstreet.com (Barcelona) - The NZD/USD has engaged in sideways trading Monday during a heavily muted session. Having moved in a narrow 26-pip range (0.8352 – 0.8378), the cross is now settling in the 0.8365/68 region, recording marginal gains in these moments.

Briefing the technicals, ICN.com analysts identify corrective measures of resistance at 0.8385, then 0.8400, and finally the 0.8415 handle. Conversely, supports for the NZD/USD will initiate at 0.8310 onto 0.8275 and ultimately 0.8225.

According to the ICN.com Technical Analyst Team, “The uptrend that has themed the NZD/USDs trading so far has been a retest to an earlier broken support of a bullish channel. It could very well mark the end of bullishness, when especially the stochastic applies negative momentum upon the pair as well. Therefore, we prefer to exercise neutrality.”

Forex: EUR/USD above 1.2800, ECB eyed

The single currency keeps the 1.2800 handle on Monday, ahead of the ECB meeting due later in the week, with market consensus expecting the bank commanded by M.Draghi to leave the refi rate intact at 0.75%...
Read more Previous

Forex: USD/CHF trading at the 0.9500 level

The USD/CHF has rebounded off its session lows, which bottomed out at the 0.9487 level Monday in highly reduced trading. In these moments the cross has pared its losses to test the 0.9500 level at the time of writing.
Read more Next
Start livechat