NZD/USD Price Analysis: Bears move in at critical daily resistance

The bulls eye a break of daily resistance. is overstretched, relatively and corrections to the upside could be on the cards for the sessions ahead. The following illustrates this from a weekly and daily perspective. The price is still offering some prospects of a move to the downside but the overextendedness of the weekly bearish impulse is likely in need of a correction. This could correct as far as the prior support and beyond 0.64 the figure.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GBP/USD Price Analysis: Attempts to surpass crucial resistance at 1.2260The GBP/USD pair is displaying back and forth moves in a narrow range of 1.2236-1.2266 in the early Tokyo session. The asset has been gradually scalin
Source: FXStreetNews - 🏆 14. / 72 Read more »

AUD/USD Price Analysis: Pre-open glance on daily chart eyes prospects for a downside continuationAUD/USD, from a technical perspective, is stacking up for a downside continuation for the week ahead. However, a bullish correction could be on the ca
Source: FXStreetNews - 🏆 14. / 72 Read more »

EUR/USD bulls lurk at key hourly support in the openEUR/USD has opened with a slight offer to test below the 1.04 figure. The US dollar is also a tough soft so the gap in the euro is vulnerable to the u
Source: FXStreetNews - 🏆 14. / 72 Read more »

Ethereum in danger of 25% crash as ETH price forms classic bearish technical patternEthereum's native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing 'bear pennant' structure. Wait until the mETH heads figure out that the merge is never happening🤣🤣🤣 Don't get rugged, buy bitcoin It’s heading to 950 ok I just shorted now what?
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin (BTC) Price Analysis for May 15Can bulls return the rate of BTC to $30,000 by the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Source: Utoday_en - 🏆 295. / 63 Read more »

BTC, ETH, XRP, ADA and BNB Price Analysis for May 14Was yesterday's growth fake before a further market decline? Dave_Jonez_02 BNB Pain_Alive_BNB Binance_DEX CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io
Source: Utoday_en - 🏆 295. / 63 Read more »