Abstract:EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.
EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.
Selling pressure will remain in the short-term, only a move above 1.7650(5DMA) strong resistance will shift the bias higher.
Technical signals show the pair could lose more ground as RSI is at 43 bearish, and 9, 11,21 DMA's are trending south.
Immediate resistance is located at 1.7572 (38.2%fib), any close above will push the pair towards 1.7650(5DMA).
Immediate support is seen at 1.7463(50% fib) and break below could take the pair towards 1.7413 (Lower BB).
Recommendation: Good to sell round 1.7500, with stop loss of 1.7650 and target price of 1.7420
You've heard many times that geopolitical events have a significant impact on the Forex market. But do you know what geopolitical events are and how they affect the FX market? Let us learn about it today.
Trade execution is a pivotal moment for traders. It is when analysis turns into action, and potential profits or losses become reality. However, for many traders, this moment is accompanied by fear. Why does this happen, and how can you address it?
In the midst of financial innovation and regulation, WikiGlobal, the organizer of WikiEXPO, stays abreast of industry trends and conducts a series of insightful and distinctive interviews on pivotal topics. We are delighted to have the privilege of inviting Simone Martin for an in-depth conversation this time.
IQ Option is catching our eye as it seems to be a trending topic. For those who want to know whether IQ Option is a reliable broker, WikiFX made this article to help you better understand this broker.