Friday, February 22, 2019
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NZD/USD 07/02/19 | EconAlerts

Technical Analysis – NZD/USD posts 2-week bottom

NZD/USD erases bearish rally below an upward channel; posts 2-week bottom. NZD/USD plummeted below the upward sloping channel during yesterday’s session, which had been holding over the last month, creating a fresh two-week low near 0.6743. Currently, the price is easing slightly to the upside around the 50.0% Fibonacci retracement level of the up leg from

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NZD/USD 31/01/19 | EconAlerts

Technical Analysis – NZD/USD reaches an 8-week high

NZD/USD reaches an 8-week high near the upper boundary of the bullish channel. NZD/USD continues to rise above the 50.0% Fibonacci retracement level of the downward movement from 0.7390 to 0.6423, around 0.6910, remaining inside a bullishly aligned channel, stretching its upward pattern to a fresh seven-week high of 0.6923. According to the MACD,

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