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NZDUSD retains short term weakness as it declined further during Tuesday trading session. Resistance comes in at the 0.6650 level where a break will turn attention to the 0.6700 level. A break of here will have to happen to create scope for a move higher towards the 0.6750 level...
China's recent second-quarter economic print made headlines across the world. Bloomberg headlined the news with "China economy slips to record low growth," while the Financial Times noted "China's economy grows at the slowest rate in nearly 30 years...
Without much surprise, the Bank of Japan (BoJ) has not decided to implement additional monetary policy easing measures, as its practicability remains a major challenge for central bank members...
Pivot (invalidation): 56.75 Our preference Long positions above 56.75 with targets at 57.60 & 58.00 in extension. Alternative scenario Below 56.75 look for further downside with 56.25 & 55.90 as targets...
Pivot (invalidation): 16.3700 Our preference Long positions above 16.3700 with targets at 16.4800 & 16.5200 in extension. Alternative scenario Below 16.3700 look for further downside with 16.3000 & 16.2500 as targets...
Pivot (invalidation): 1419.50 Our preference Long positions above 1419.50 with targets at 1428.00 & 1433.50 in extension. Alternative scenario Below 1419.50 look for further downside with 1414.50 & 1411.00 as targets...
Pivot (invalidation): 3016.00 Our preference Long positions above 3016.00 with targets at 3028.00 & 3032.00 in extension. Alternative scenario Below 3016.00 look for further downside with 3010.00 & 3004.50 as targets...
Pivot (invalidation): 12387.00 Our preference Long positions above 12387.00 with targets at 12490.00 & 12530.00 in extension. Alternative scenario Below 12387.00 look for further downside with 12340.00 & 12290.00 as targets...
Pivot (invalidation): 5.6300 Our preference Short positions below 5.6300 with targets at 5.5910 & 5.5770 in extension. Alternative scenario Above 5.6300 look for further upside with 5.6530 & 5.6700 as targets...
Pivot (invalidation): 0.6915 Our preference Short positions below 0.6915 with targets at 0.6890 & 0.6875 in extension. Alternative scenario Above 0.6915 look for further upside with 0.6935 & 0.6955 as targets...
Pivot (invalidation): 1.3150 Our preference Long positions above 1.3150 with targets at 1.3180 & 1.3195 in extension. Alternative scenario Below 1.3150 look for further downside with 1.3135 & 1.3115 as targets...
Pivot (invalidation): 0.9925 Our preference Short positions below 0.9925 with targets at 0.9895 & 0.9870 in extension. Alternative scenario Above 0.9925 look for further upside with 0.9945 & 0.9960 as targets...
Pivot (invalidation): 108.90 Our preference Short positions below 108.90 with targets at 108.60 & 108.40 in extension. Alternative scenario Above 108.90 look for further upside with 109.00 & 109.15 as targets...
Pivot (invalidation): 1.2230 Our preference Short positions below 1.2230 with targets at 1.2150 & 1.2110 in extension. Alternative scenario Above 1.2230 look for further upside with 1.2275 & 1.2320 as targets...
Pivot (invalidation): 1.1130 Our preference Long positions above 1.1130 with targets at 1.1150 & 1.1160 in extension. Alternative scenario Below 1.1130 look for further downside with 1.1115 & 1.1100 as targets...
Pivot (invalidation): 56.35 Our preference Short positions below 56.35 with targets at 55.70 & 55.35 in extension. Alternative scenario Above 56.35 look for further upside with 56.70 & 57.00 as targets...
Pivot (invalidation): 16.3200 Our preference Long positions above 16.3200 with targets at 16.4700 & 16.5200 in extension. Alternative scenario Below 16.3200 look for further downside with 16.2400 & 16.1600 as targets...
Pivot (invalidation): 1416.00 Our preference Long positions above 1416.00 with targets at 1429.00 & 1433.50 in extension. Alternative scenario Below 1416.00 look for further downside with 1411.00 & 1406.00 as targets...
