NZDUSD traded in a 30 pips' range yesterday.

I still expect range trading between 0.6800--0.7000 ahead.

Bulls need to regain at least 0.7015, Key support level is 0.6898/61.

Daily support      Levels: 0.6921 0.6913 0.6891 0.6880 0.6875

Daily resistance Levels: 0.6946 0.6955 0.6961 0.6983

 

Intraday Trade Idea: (spot 0.6927)

1. Buy Limit @ 0.6882 SL @ 0.6870 Take Profit @ 0.6913

2. Sell  Limit @ 0.6966 SL @ 0.6977 Take Profit @ 0.6937

 

nzdusd chart


 

We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD loses ground due to the absence of a hawkish RBA

AUD/USD loses ground due to the absence of a hawkish RBA

The Australian Dollar has plunged following the Reserve Bank of Australia's decision to maintain its interest rate at 4.35% on Tuesday. Investors sentiment leaned toward a potentially more hawkish stance from the RBA, particularly after last week's inflation data surpassed expectations.

AUD/USD News

EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official

EUR/USD edges lower to near 1.0750 after hawkish remarks from a Fed official

EUR/USD extends its losses for the second successive session, trading around 1.0750 during the Asian session on Wednesday. The US Dollar gains ground due to the expectations of the Federal Reserve’s prolonging higher interest rates.

EUR/USD News

Gold price remains on the defensive on a firmer US Dollar

Gold price remains on the defensive on a firmer US Dollar

Gold price attracts some sellers on the firmer US Dollar during the Asian trading hours on Wednesday. The hawkish remarks from Federal Reserve officials dampen hopes for potential interest rate cuts in 2024 despite weaker-than-expected US employment reports in April.

Gold News

FTX files consensus-based plan of reorganization, awaits bankruptcy court approval

FTX files consensus-based plan of reorganization, awaits bankruptcy court approval

FTX has filed a consensus-based plan for its reorganization, coming almost two years after the now defunct FTX filed for Chapter 11 Bankruptcy Protection in the District of Delaware.

Read more

Living vicariously through rate cut expectations

Living vicariously through rate cut expectations

U.S. stock indexes made gains on Tuesday as concerns about an overheating U.S. economy ease, particularly with incoming economic reports showing data surprises at their most negative levels since February of last year. 

Read more

Majors

Cryptocurrencies

Signatures