Digital Currency Revolution Series: Ethereum’s Bullish Portrayal On Both Fundamental And Technical Drivers
FxWirePro: USD/ZAR stabilizes below 15.00 mark, consistent close below 14.73 requires for downside rally
FxWirePro: USD/THB hovers around key support at 30.16 mark, sustained close below targets 30.02 mark
FxWirePro: NZD/USD recovery rejected at highs, break below 0.6785 to plummet prices further
NZD/USD chart - Trading View
NZD/USD recovery rejected at highs, pair forms 'Gravestone Doji' on previous session's candle.
Technical indicators support further weakness in the pair. 'Death Cross' on daily set to plummet prices further.
Momentum with the bears. RSI well below 50 and Stochs and 5-DMA are sharply lower.
GMMA indicators suggests major bias is lower. Bearish 5-DMA crossover on 20-DMA supports weakness.
Breach at trendline support at 0.6487 eyes lower BB at 0.6457 ahead of 0.6424 (Oct 8 lows).
5-DMA is immediate resistance at 0.6524. Break above 110-EMA negates bearish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.