NZDUSD key ZonesDemand areas: 0.7450, 0.7300Supply areas: 0.6950, 0.6550NZDUSD Price AnalysisNZDUSD retraced past equilibrium below 0.5 on the daily chart before continuing the ride upwards. It retraced to 0.6950 on the 25th of March where it resumed its upward trend. The uptrend was defended by a …
Forex Strategies
EURUSD Continues a Bullish Momentum as It Breaks Out of Resistance Level.
Key Levels:Support levels: 1.1700, 1.1850, 1.2000Resistance levels: 1.2350, 1.2250, 1.2150EURUSD halted on its bullish run at the beginning of the year. On the 6th of January 2021, price peaked at 1.2350 after which it dropped through the year. Subsequent lower highs were formed on the daily chart. …
A Possible Bullish Break-Out on EURUSD?
EURUSD Key Levels:Resistance Levels: 1.21540, 1.22450Support Levels: 1.19860, 1.18600EURUSD is set to break out from its downward trending channel after retesting the upper border of the descending channel twice. Price reached a height of 1.23500 at the beginning of the year on the 6th of January …
