OctaFX | OctaFX Forex Broker
Open trading account

Forex: NZD/USD finds resistance below 0.8500

FXstreet.com (Barcelona) - NZD/USD has been confined to a relatively tight range today and looks open to a continuation as we head towards the European close.

Despite a pull back in the early hours, spot has generally edged higher today, posting a high at 0.8497, and held back by dual resistance at 0.8500 and the hourly 55 & 200 MA´s just above. Data wise, today has seen generally weaker than expected US numbers, but the impact has not been significant on price action. Hourly stochastics are at 76 and look to have an upside bias, just below overbought territory, while RSI is indicating a drift higher but is at 54 still.

Forex: USD/JPY rejects the 98.00 zone and falls to 97.80

After rising around 40 pips in the latest two hours from 97.75 to test intra-day high at 98.15, the USD/JPY has been rejected by the 98.00 area and currently the pair is trading back to previous levels. Now the pair is at 97.80.
Read more Previous

Forex Flash: EUR/USD year-end target at 1.25 – Scotiabank

The single currency is testing multi-week highs in the vicinity of the 100-day moving average around 1.3150/55 on Tuesday, bolstered by increasing risk appetite as markets recover from Monday’s sell-off and a...
Read more Next
Start livechat