The NZDUSD pair is currently approaching a significant demand zone near the 0.55800 - 0.54700 level. Historically, this area has acted as a strong support, leading to notable bullish reversals. The recent decline into this zone suggests a potential for buyers to regain control and push prices higher.
A bullish confirmation, such as a strong rejection pattern,...
The USDSGD pair is approaching a notable resistance zone around the 1.37160 level, an area that has historically acted as a supply zone, leading to price reversals. The current price action shows signs of hesitation as it tests this zone, which could indicate potential weakness.
If sellers regain control, the pair could reverse downward, with the 1.35041 level...
The GBPCHF pair is trading near a key resistance zone around the 1.13646 level, which has acted as a significant area of interest in the past. This region has previously led to reversals, suggesting that sellers may regain control at this point. The price action indicates a potential for bearish momentum, especially if rejection patterns form at this level.
A...
EURCAD is consolidating after a sharp rebound from lower levels, but the overall structure still hints at a bearish setup. The price is now approaching a key resistance zone around 1.5000–1.5120, a level where sellers have historically shown strong activity. Will the resistance hold, or will buyers push further? The reaction here will be critical.
The current...
The currency pair is testing the upper resistance zone following a recovery from previous lows. This movement reflects market hesitation around the key levels, with both buyers and sellers showing strength at different intervals. What does this imply? A decisive move is yet to emerge, but the setup suggests potential bearish momentum in the short term.
At...
