NZDUSD reversed from support level 0.5860 Likely to rise to resistance level 0.5920 NZDUSD currency pair recently reversed up from the pivotal support level 0.5860 (which reversed the price twice in April), standing close to the lower daily Bollinger Band. The upward reversal from the support level 0.5860 stopped the c-wave of the previous minor […]
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Germany’s economy is forecast to contract by -0.1% in 2024, according to the Ifo Institute. The economy has been “treading water for five years”, with growth stalled amid structural challenges. The institute presents two possible Read more…
Daily Pivots: (S1) 0.8817; (P) 0.8836; (R1) 0.8860; More… Outlook in USD/CHF remains unchanged as corrective fall from 0.8956 should have completed at 0.8735 after hitting 55 D EMA. Intraday bias remains on the upside Read more…
Daily Pivots: (S1) 1.0471; (P) 1.0505; (R1) 1.0531; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the downside, break of 1.0471 support will suggest that corrective recovery from 1.0330 has completed Read more…