NZD/USD – Why 0.7320 is Significant for Kiwi Dollar?

Key Highlights The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar. There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD. New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%. The US Producer Price Index for August 2017 ...
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EURUSD – Euro Continues To Struggle Near 1.0660-1.0670

Key Highlights The Euro traded higher this past week, but failed to break a major resistance area near 1.0660-1.0670. There are a couple of connecting resistance trend lines formed on the 4-hours chart of EURUSD, acting as a hurdle near 1.0660-1.0670. Today in the Euro Zone, the Italian Consumer Price Index will be released by the Istat, which is forecasted to post a...
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NZDUSD – Perfect Example of Double Top Pattern

NZDUSD - Perfect Example of Double Top Pattern Key Highlights New Zealand dollar weakened a lot recently against the US Dollar and moved below 0.7400. There was a double top pattern formed on the hourly chart of the NZDUSD pair, which ignited a downside move. Today in New Zealand, the Food Price Index (FPI) released by the Statistics New Zealand posted a rise of 1.3...
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