Predicting NZDUSD's Next Moves
Solid ECN Blog – Recently, the NZDUSD currency pair reached the important 38.2% Fibonacci support level. This was something we had anticipated earlier, suggesting that the pair might regain and stabilize some of its recent increases. Looking ahead, if buyers, or 'bulls', can keep the currency above this crucial 38.2% mark, we could see the NZDUSD's value start to climb.
However, if sellers, known as 'bears', manage to push the value below this 38.2% Fibonacci level, the pair might enter a longer phase of stabilization, possibly reaching the area known as the Ichimoku cloud.
Solid ECN Blog – Recently, the NZDUSD currency pair reached the important 38.2% Fibonacci support level. This was something we had anticipated earlier, suggesting that the pair might regain and stabilize some of its recent increases. Looking ahead, if buyers, or 'bulls', can keep the currency above this crucial 38.2% mark, we could see the NZDUSD's value start to climb.
However, if sellers, known as 'bears', manage to push the value below this 38.2% Fibonacci level, the pair might enter a longer phase of stabilization, possibly reaching the area known as the Ichimoku cloud.