Forex

NZD/USD – Soc Gen say to watch 0.6010/0.6060 for signal to continue downtrend


Société Générale on the New Zealand dollar. Analysts at the bank say the recent interim NZD/USD low “near the lower limit of a multi-month down sloping channel at 0.5565” also coincides with a trend line they have from 2009.

And now an initial bounce is taking shape. SG looking at

  • the 50 DMA near 0.6010/0.6060 which is also the low of July is expected to be an important hurdle near-term
  • Failure to overcome this resistance can lead to continuation in downtrend towards last month trough of 0.5565 and 2020 levels of 0.5495/0.5470.

NZD/USD daily chart with the 50 day MA drawn on. You can change the indicators around at our free chart app,

can
be found at this link



Source link

Eamonn Sheridan
Eamonn Sheridan

Related articles

Lightning Labs Open‑Sources L402 Agent Instruments to Energy AI Funds

Lightning Labs releases open‑supply L402 instruments enabling synthetic intelligence (AI) brokers to transact natively on the Lightning Community. Lightning Labs launched an open‑supply agent instruments repository and lnget CLI that permit AI brokers...

Psychology says individuals who at all times sleep with the door closed—even once they dwell alone—share these 7 traits that every one hint again...

Add Silicon Canals to your Google Information feed. Ever discover how some individuals religiously shut their bed room door each single night time, even once they’re residence alone? I used to assume my...

Kongsberg Maritime launches unified digital portfolio, introduces KM Efficiency platform

Kongsberg Maritime has launched a unified digital options portfolio and launched KM Efficiency, a brand new platform designed to assist operational effectivity, emissions monitoring and regulatory compliance throughout marine and offshore fleets. The up...

Observe It Dwell First – Prop-Type Pattern EA (MT4 & MT5) – Statistics – 15 February 2026

Earlier than launching this EA commercially, I made a decision to do one thing completely different: As an alternative of publishing backtests and...

Bitcoin Devs’ Inaction on Quantum Will Frustrate Establishments: VC

Main Bitcoin-holding establishments could finally lose endurance with Bitcoin builders for not addressing quantum computing considerations rapidly sufficient, in line with enterprise capitalist Nic Carter.“I believe the massive establishments that now exist in...
spot_img

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

© Copyright - Premium Alpha

WP2Social Auto Publish Powered By : XYZScripts.com