NZD/USD: 'Pennant' pushed market lower

NZD/USD: 'Pennant' pushed market lower

2019-11-11 • Updated

The last 'Pennant' pushed the market lower. There's a 'Thorn' pattern, which is likely going to be confirmed soon. In this case, we should watch the nearest resistance at 0.6644 - 0.6666 as a potential bullish target. If a pullback from this area happens little later on, bears will probably try to achieve another support at 0.6600 - 0.6587.

24-4-2019-NZD-USD-H4.png

Similar

EUR/GBP: bears eye 16-month-old support
EUR/GBP: bears eye 16-month-old support

The dollar gains against low-yielding currencies on Wednesday, hitting a five-month high against the yen as US bond yields jumped on the prospects of further economic recovery.

Latest news

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera