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Range Markets

NZD/USD potential upward moves

The New Zealand Dollar has maintained its gradual movement upwards against the US Dollar today. However, the exchange rate continues trading in a junior ascending channel. During the European trading session on Thursday, the currency pair breakout from the...

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Gold returns to 55-hour SMA

The first part of Wednesday’s trading session was spent under the bearish pressure, as the yellow metal lost 0.88% against the US Dollar. This fall reversed at the 1,320.00 mark—which is also the April low—and regained some lost positions...

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NZD/USD reaches support

By the middle of Monday’s trading session the NZD/USD currency exchange rate had reached the vital support levels near the 0.7150 mark. Coincidentally at that level a dominant support line was located together with the freshly calculated first weekly...

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NZD/USD remains stable

The New Zealand Dollar remained stable against the US Dollar during Monday’s trading session. A gradual bullish momentum continues to dominate the currency pair. During the European trading session on Monday, the NZD/USD exchange rate was bouncing between SMAs. The...

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