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NZD (New Zealand Dollar)

AUDNZD facing bullish pressure | 11 May 2021Prices are facing bullish pressure from ascending trendline support, in line with horizontal swing low support, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Prices might push up towards horizontal swing high resistance which coincides with 78.6% Fibonacci extension. If prices push down further, prices might take support from horizontal swing low support in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
4
GBPNZD is facing bearish pressure | 10 May 2021Prices are facing bearish pressure from horizontal swing high resistance, in line with 127.2% Fibonacci retracement and 127.2% Fibonacci extension. Prices might push down towards 1st support in line with horizontal swing low support which coincides with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. If prices push up further, prices might face resistance from horizontal pullback resistance in line with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Stochastics is facing resistance from 90.29 level, potential for further downside.
Short
by FXCM