NZD/USD Price Analysis: RBNZ in focus, key levels and market structure to watch

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

NZD/USD Price Analysis: RBNZ in focus, key levels and market structure to watch By ross_burland NZDUSD Technical Analysis

of the longer-term charts and the near term from an hourly perspective heading into the event.The weekly chart is bearish while below the M-formation's neckline resistance between 0.6730 and the 0.6770s. An extension to the downside could be on the cards for the weeks ahead with 0.6385 eyed as a -61.8% Fibo target and the confluence with prior lows. The daily chart shows the price eating its way into resistance but is overextended and could be due for a correction in coming sessions. The 38.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines