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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Technical Analysis of Intraday Price Movement of NZD/USD Commodity Currency Pairs, Thursday November 21, 2024.
01:13 2024-11-21 UTC--5
Exchange Rates analysis

On the 4-hour chart, Kiwi appears to have a deviation between the price movement of the NZD/USD commodity currency pair and the Awesome Oscillator indicator, especially with the formation of a Bullish channel and coincidentally the price movement of NZD/USD intersects with the Bullish Fair Value Gap area level, so as long as there is no significant weakening correction, especially if it breaks down and closes below the 0.5843 level, then Kiwi has the potential to strengthen up to the 0.5917 level. If this level is successfully broken and closes above it, NZD/USD will continue to strengthen to the 0.5950 level as its main target and if momentum and volatility support it, 0.6003 will be the next target.

(Disclaimer)

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.