Micro Cap Stock News Hubb
Advertisement Banner
  • Home
  • News
  • Stocks & Capital News
  • Contact
No Result
View All Result
  • Home
  • News
  • Stocks & Capital News
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home News

NZD/USD: in the direction of “north” and marks 0.6590, 0.6660 – Analytics & Forecasts – 5 December 2022

admin by admin
December 5, 2022
in News


Today, attention should be paid to the publication (at 14:45 – 15:00 GMT) of PMI indices for the US and tomorrow – the publication (after 14:00 GMT) of the Global Dairy Trade (GDT) dairy price index. The indicator is expected to rise slightly (by +0.2%), which should support the NZD quotes (for more information about upcoming events, see the Key economic events of the week 12/05/2022 – 12/11/2022).

From a technical point of view, NZD/USD has broken through the key resistance levels 0.6310 and 0.6235 and continues to move towards the resistance levels 0.6590, 0.6660. If the US dollar continues to weaken (and today its DXY index remains below the 105.00 level for the third trading day in a row, which many economists so hoped that it would hold), then achieving these goals (0.6590, 0.6660) will be a matter of a couple of months

In an alternative scenario, NZD/USD will return to the area below the support level 0.6235 and head inside the descending channel on the weekly chart, the lower border of which is close to 0.5400. In a negative scenario for NZD and NZD/USD, this mark will become a long-term target for the pair to decline.

The earliest signal to resume short positions in the alternative scenario is a breakdown of support levels 0.6380, 0.6330.

 see details -> https://www.instaforex.com/ru/forex_analysis/328981/?x=PKEZZ

·         signals -> https://www.mql5.com/en/signals/author/edayprofit

·         see also “Technical analysis and trading recommendations” -> https://t.me/fxrealtrading



Source link

Previous Post

At the Edge of Chaos: Seasonality is Winning as Employment Data Fails to Impress Stocks and Bonds | Top Advisors Corner

Next Post

Herbalife, GitLab, Textron and more

Next Post

Herbalife, GitLab, Textron and more

Recommended

Elon Musk Thinks 2023 Would Not End Well

2 months ago

TFSA Investors: 3 Top Stocks to Buy in November and Hold Forever

3 months ago

© 2022 Micro Cap Stocks News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Stocks & Capital News
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Stocks & Capital News
  • Contact

© 2022 Micro Cap Stock News Hubb All rights reserved.