EUR/NZD extends drop, critical support lies ahead
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
Read more
Voices of the Golden Insight Award Jury | George Georgiou, the Co-Founder of Dynamic Works
WikiFX Golden Insight Award uniting industry forces to build a safe and healthy forex ecosystem, driving industry innovation and sustainable development, launches a new feature series — “Voices of the Golden Insight Awards Jury.” Through in-depth conversations with distinguished judges, this series explores the evolving landscape of the forex industry and the shared mission to promote innovation, ethics, and sustainability.
Prop Firm Tradeify Signs ‘The Nuke’ as Global Brand Ambassador
Miami-based prop trading firm Tradeify has officially announced a major long-term partnership with Luke “The Nuke” Littler, the current World Number 1 and reigning 2024/2025 PDC Darts World Champion. Littler joins Tradeify as its new Global Brand Ambassador, marking one of the company’s most significant branding investments to date.
Close Up With WikiFX —— Take A Close Look At Amillex
With the rapid growth of global multi-asset investment markets, the differences among regional forex markets have become increasingly significant. As a forex broker information service platform operating in more than 180 countries and regions, WikiFX is dedicated to helping investors in every market identify reliable brokers. Therefore, we have launched an exclusive interview series —— "Close Up With WikiFX", offering in-depth conversations with local brokers. This series aims to dive deep into frontline markets and provide first-hand information, helping investors gain a clearer and more comprehensive understanding of quality brokers.
Polymarket Onboards First US Users Since 2022 Shutdown: Beta Relaunch Signals Major Comeback
Crypto-based prediction platform Polymarket has officially begun onboarding select U.S. users for real-money betting, marking its first return to the American market since a regulatory shutdown in 2022.
WikiFX Broker
Latest News
Axi Review: A Data-Driven Analysis for Experienced Traders
WikiFXINZO Regulation and Risk Assessment: A Data-Driven Analysis for Traders
WikiFXGGCC Bonus and Promotions: A Data-Driven Analysis for Experienced Traders
WikiFXClose Up With WikiFX —— Take A Close Look At Amillex
WikiFXCapEx Spending On AI Is Masking Economic Weakness
WikiFXQuestrade Review Pros, Cons and Regulation
WikiFXAccentForex Review: Is It Safe to Invest or Scam?
WikiFXCleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
WikiFXDelayed September report shows U.S. added 119,000 jobs, more than expected; unemployment rate at 4.4%
WikiFXThe CMIA Capital Partners Scam That Cost a Remisier Almost Half a Million
WikiFXRate Calc
