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NZDUSD pair testing broken trend line resistance, strong challenge for the bulls

There has been a strong bullish rally in the NZDUSD pair after it hit the critical support level at 0.67828.The bulls managed to make a series of higher highs associated with higher lows which clearly demonstrates the establishment of a medium-term bullish trend for this pair. Most of the professional investors managed to ride the

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Aussie dollar heading towards 61.8% retracement level, strong challenge for the bulls

The AUDUSD pair found some strong buying pressure after it hit the long-term trend line support level at 0.75005.From that level, the pair has rallied significantly higher and currently headings towards the 61.8% bearish retracement level from the high of 8th September 2017 to the low of 11th December 2017.Most of the professional long-term traders

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NZDUSD testing 38.2% Fibonacci retracement level, preparing for bearish dive

The medium-term bullish rally in the NZDUSD pair is now facing strong resistance level in the daily chart. Prior to the closing of the week, the pair managed to breach the 200 days SMA but eventually closed below the dynamic resistance level at 0.71013 and formed a nice bearish pin bar. Though it’s a clear

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