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Sellers continue to pound the Australian and New Zealand Dollars on Friday as fears over the ongoing coronavirus outbreak in China continued to weigh on investor sentiment. At 10:10 GMT, the AUD/USD is trading . 6687, down 0.0036 or -0.53% and the NZD/USD is at . 6457, down 0.0034 or -0.52%.
The NZDUSD attempts positively
The NZDUSD pair provided positive trades yesterday to surpass 0.6480 level and settles above it, but we notice that stochastic lost its positive momentum and begins overlapping negatively now, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, which targets visiting 0.6415 level as a next main station, taking into consideration that providing new positive trades and breaching 0.6545 will stop the expected decline and leads the price to regain the main bullish trend.
The expected trading range for today is between 0.6415 support and 0.6520
The expected trend for today: Bearish
It is likely that having entrenched below the resistance level1.6050; the price will not be able to break it up for upward correction today. The consolidation near 1.6050 may serve as an exception, after which there will be the downward trend continued until the next support level 1.5950.
If the price falling does not stop at the support level 1.5950, there will be a rising trend line retest 1.5920.
today i like to buy this pair @ 1.6040
my stop loss of the day @ 1.6015
half take profit for today @ 1.6075
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This pair moves in a same direction like AU.As can be seen in the chart, the pair succeeded to break the strong bullish on the previous days, so downmovement is expected targeting 0.8164.
Major trend : not clear yet
situation : at the very top
On average, the US Dollar has been treading cautiously higher since the beginning of 2020 against some of its major counterparts. Recently, a deterioration in risk appetite due to the coronavirus outbreak has fueled a premium for safety. This tends to benefit the world’s most-liquid asset. From a psychological perspective, there may be yet more room for it to climb against the Canadian Dollar and New Zealand Dollar.
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
Best of luck.... 👍✌
On average, the US Dollar has been treading cautiously higher since the beginning of 2020 against some of its major counterparts. Recently, a deterioration in risk appetite due to the coronavirus outbreak has fueled a premium for safety. This tends to benefit the world’s most-liquid asset. From a psychological perspective, there may be yet more room for it to climb against the Canadian Dollar and New Zealand Dollar.
Nzd/Usd > BEARISH
PIVOT POINT > 0.6477
S1 > 0.6464
S2 > 0.6456
S3 > 0.6444
R1 > 0.6490
R2 > 0.6498
R3 > 0.6511
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Oscillator sales volume
Current price
And
Support points and resistance
market ke nechay janey k haq main hain
Sell ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
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