Connect with us

Hi, what are you looking for?

Oracle of  Omaha SaysOracle of  Omaha Says

Investing

EURAUD and EURNZD: EURNZD is looking to hold above 1.77000

EURAUD and EURNZD: EURNZD is looking to hold above 1.77000

This week’s EURAUD movement took place in the 1.62800-1.63800 range. 
During this morning’s Asian trading session, EURNZD encountered resistance at the 1.77200 level.

EURAUD chart analysis

This week, EURAUD has been moving within the 1.62800-1.63800 range. This morning, we were once again near the lower line of this range, reaching up to the 1.62900 level. However, the pair has started a bullish consolidation above the 1.63000 level, indicating a potential upward movement. We are currently at 1.63250 and testing the EMA200 moving average. To reach a new daily high, we need a strong new impulse.

If we manage to move above the EMA200, our potential higher targets are 1.63400 and 1.63600 levels. However, if we fail to do so, a pullback is likely. In that case, we need to watch out for 1.62800, this week’s support level. Any new pressure in that zone could lead to increased volatility and push the EURAUD to a new weekly low. Our potential lower targets in this scenario are 1.62600 and 1.62400 levels.

 

EURNZD chart analysis

During this morning’s Asian trading session, EURNZD encountered resistance at the 1.77200 level. Additional pressure in that zone was created by the EMA200 moving average, and that level is important to us because it is the weekly open price. After that, the pair begins to retreat to support at the 1.76500 level. It manages to stabilize there and initiate a bullish impulse. We are now in the zone of 1.77000 levels supported by the EMA50 moving average.

We have a new attempt to test the weekly open price and EMA200 and break above them. Potential higher targets are 1.77400 and 1.77600 levels. We need a negative consolidation pullback below the 1.76800 level and the EMA50 moving average for a bearish option. After that, EURNZD had to start pulling back and testing this morning’s support zone. Potential lower targets are 1.76400 and 1.76200 levels.

 

The post EURAUD and EURNZD: EURNZD is looking to hold above 1.77000 appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    A former Republican legislative candidate who traveled to Washington for former President Donald Trump’s ‘Stop the Steal’ rally was arrested Friday and charged with...

    Latest News

    Abbe Lowell, Hunter Biden’s attorney, filed an ethics complaint Friday against Georgia Rep. Marjorie Taylor Green after she displayed censured nude photos of the president’s...

    Stock

    Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year...

    Latest News

    President Biden has overruled the Pentagon and chosen Adm. Lisa Franchetti to lead the Navy, making her the first woman, if she’s confirmed, to...

    Disclaimer: Oracleofomahasays.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 Oracleofomahasays.com