Category Archives: Technical Analisys

NZD/USD Technical Analysis: Support Under Fire as RBNZ Nears

The New Zealand Dollar has dropped to the bottom of monthly range support before the RBNZ monetary policy announcement. The central bank may trigger a breakout marking resumption of the dominant bearish price trend, defined by a series of lower highs and lows set from mid-April.

From here, a dail…

GBPUSD: Sellers Eye 1.2800 Following Yesterday’s Close

Over the weekend I mentioned how the GBPUSD had broken back below the 1.3050 area last week. YouÂ’ll note how this area served as resistance in May of last year and later attracted a bid between October and November.

The descending channel that began earlier this year is also still directing the p…