Trading news

AUD/NZD bullish continuation is possible

The AUD/NZD has been moving in a steady uptrend and we can see 2 distinct trend lines that form the bullish trend. Trend lines are the part of 2 POC zones that might spike the price to the upside so traders should watch for it. POC (H3, WPP, EMA89, trend line) has also broken above the descending trend line marking another attempt for the bulls to spike the price to the upside. 1.0620-40 could reject the price further towards 1.0696 and 1.0765. 4h close above 1.0696 is needed for 1.0740-50 target. The price should stay ideally above 1.0580 for this to happen else we might see a deeper retracement in the trend. However if we see a deeper retracement, then pay attention to 1.0535-50 POC2 ( L3, trend line, 78.6) and ideally the price should stay above 1.0500. The target stays the same 1.0740-50 zone.

Monday, 31 Oct, 2016 / 2:25

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under