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NZD Finds Fibo Support Level

NZDUSD has found intraday support, at the 61.8% fibonacci level. This follows the positive NZD Consumer Price Index data today, giving the Kiwi some strength. The trendline resistance lies just above market price.

NZDUSD Trying To Break Resistance Trendline!

NZDUSD is trying to break the resistance trendline that started forming at the end of February! Price has made a small push above, but the 0.70680 resistance level still caps price above the trendline. This is one to watch in the coming days – Lets see if the Kiwi finds its wings!

AUDUSD Nears Trendline – Still In Wednesdays Trading Range

AUDUSD is trading within Wednesday’s trading range still, having been unable to trade into the highs or lows during Thursday’s trading. Current support comes in around 0.7600, and current resistance lies around 0.7680, giving traders an 80 pip range. So far today the Aussie has depreciated against the greenback.

NZDUSD Nears Intraday Resistance Trendline

The NZDUSD is currently approaching the intraday resistance trendline, having bounced from the trendline twice before. If price is able to break the trendline to the upside a move into the 0.71780 level seems achievable, as the USD is currently on the backfoot. The economic calendar for the NZD is quiet today, however the kiwi […]

US Oil At The Trendline – Bounce or Break?

US Oil (WTI) is currently at the weekly trendline, having bounced out of the resistance around the $65 mark. Technically the pair looks set for a move below the trendline into the $54 mark, where support lies. Oil has been moving to the downside despite blockages in the Suez Canal impacting the supply logistics, making […]

AUDUSD Daily Trendline Under Pressure Again

The AUDUSD is under pressure again, testing the waters below the daily trendline. Price has found resistance around the intraday resistance trendline and the 21.4% fibo level. A break below the trendline could lead to a run lower, with the 0% fibo level at 0.75631, and the 127% extension below at 0.74859% being the next […]

AUDUSD Monthly Chart Shows AUD Out Of Steam

The AUDUSD Monthly chart has now formed 2 closed pin bars at a key level, and the March Candle is about to close, likely as a bearish pinbar. Having been in a bull market the majority of 2020, it technically appears that the AUDUSD is now out of steam and may move to the downside. […]

GBPUSD Last Day Of March Up

The GBPUSD has started the last trading day of march up from yesterdays low, currently at 1.3738, roughly 30 pips above the 1.3706 lows. The GBPUSD monthly candle is set to close the month bearish, the first bearish month since September 2020. The GBPUSD has been riding euphoria over an EU-UK Brexit trade agreement & […]

GBPUSD Caught in tight Intraday Range!

The GBPUSD is caught in a tight intraday range between the 50% fibo level at 1.37580 and the 1h 50 moving average at 1.3780. If GBPUSD follows suit of the GBPJPY then we can anticipate some upside on the pair. A strong break above the moving average would technically open the pair up to further […]

NZD Is Strong Again, Despite Poor Housing Data

The NZD is back on the front foot again, making gains against the USD above the 0.700 mark & appreciating against the JPY. Technically the NZDJPY sold out of fresh 52w highs, and has bounced out of the 61.8% fibo support. If we see price continue to the 52w highs we may see the NZD […]

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