The MACD is below its signal line and negative.
Short positions below 102.5500 with targets at 102.0400 & 101.9000 in extension.
Short positions below 1.3490 with targets at 1.3430 & 1.3405 in extension.
Short positions below 0.9170 with targets at 0.9115 & 0.9090 in extension.
Long positions above 1.2340 with targets at 1.2420 & 1.2445 in extension.
Long positions above 132.65 with targets at 133.30 & 133.75 in extension.
Long positions above 1.0825 with targets at 1.0900 & 1.0925 in extension.
Long positions above 0.6725 with targets at 0.6780 & 0.6800 in extension.
Long positions above 0.6650 with targets at 0.6800 & 0.6880 in extension.
Following the OPEC+ shocker overnight, commodity currencies have rallied against the New Zealand dol...
Long positions above 1.0815 with targets at 1.0900 & 1.0925 in extension.
Long positions above 0.6680 with targets at 0.6735 & 0.6755 in extension.
Our preference: the downside prevails as long as 1.3336 is resistance.
The configuration is positive.
Our preference: the upside prevails as long as 0.6221 is support.
Alternative scenario: the downside breakout of 144.12 would call for 143.47 and 143.08.
The MACD is positive and above its signal line.
Our preference: the upside prevails as long as 89.20 is support.
Alternative scenario: the downside breakout of 163.83 would call for 163.17 and 162.78.
Alternative scenario: the downside breakout of 0.6204 would call for 0.6175 and 0.6158.
The MACD is negative and below its signal line.
Alternative scenario: the downside breakout of 1.0720 would call for 1.0690 and 1.0680.
The configuration is positive.
The configuration is positive.
Our preference: the upside prevails as long as 0.6121 is support.
Alternative scenario: the downside breakout of 0.9003 would call for 0.8976 and 0.8960.
Long positions above 132.65 with targets at 133.85 & 134.10 in extension.
Short positions below 1.2325 with targets at 1.2270 & 1.2240 in extension.
Long positions above 1.0785 with targets at 1.0865 & 1.0900 in extension.