NZD/USD: Test of the next key resistance at 0.6468/87 looks imminent – Credit Suisse NZDUSD Banks
NZD/USD is stabilizing its gains above the 200-Day Moving Average of 0.6285. Analysts at Credit Suisse look for an eventual move above 0.6468/87.“Whilst we stay cautious of daily RSI’s overbought condition, the medium-term momentum remains supportive and with the recent key break in the USD space also in place, we think that a move above 0.6468/87 is likely.”
“Immediate support is seen at 0.6351 and next at 0.6326/10, though only quick move back below the 200DMA at 0.6285 would raise suspicion of a brief consolidation phase.” 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.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/JPY: Support at 133.09 to hold temporarily – Credit SuisseUSD/JPY lost nearly 500 pips last week. Analysts at Credit Suisse continue to look for the 38.2% retracement of the 2021/2022 uptrend at 133.09 to hol
Read more »
GBP/USD to extend its rally further to the May high at 1.2668 – Credit SuisseA strong week for GBP/USD has seen the pair clear with ease the key 200-Day Moving Average, now at 1.2144. Analysts at Credit Suisse look for further
Read more »
USD/CHF: Further gradual weakness is likely over the coming month – Credit SuisseUSD/CHF has breached the bottom of the key support zone at 0.9355, which in the view of analysts at Credit Suisse, indicates further weakness is likel
Read more »
NZD/USD: Vulnerable to some correction before more sustained gains – MUFGThe Kiwi strengthened sharply in November, by a large 7.2%. Economists at MUFG Bank expect the NZD/USD pair to correct lower before staging a sustaine
Read more »
NZD/USD capped on poor China Caixin Services PMIFollowing poor China data, NZD/USD is perched at the highs of the bullish cycle following a series of daily bullish closes since mid-November. The pri
Read more »
What you should know before applying for a store credit card, according to Lending TreeAs inflation drives shoppers to different credit options, there is a warning form experts on store credit cards. Consumer Investigator Jason Knowles has more on the interest rates, which could sneak up on you in January.
Read more »