EUR/NZD drifts up to 1.7328, after ending the last session at zero (down 0%) .
A good end to the trading week, EUR/NZD is up to 1.7328, after closing yesterday at zero. Overall, a 0% move or 17,328 pips this week. (Trade EUR/NZD with FXTM now).
Mar. 23, 2023
EUR/NZD set for weak finish today; down 0.7% to 1.7328 with 4 hours before close
Live - Updated 15 minutes ago.EUR/NZD is down to 1.7328, after ending yesterday at 1.745. Overall, a 0.7% loss or 121 pips today.
Trend and momentum analysis indicates that investors are seeking long positions as EUR/NZD price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. According to asset volatility analysis, EUR/NZD's upper Bollinger Band® is at 1.7383 which indicates a further downward move may follow.
With market volatility ebbing, the current technical outlook indicates EUR/NZD will remain range-bound for the immediate future.
In the meantime, negative performances are seen in other pairs, EUR/JPY is down to 141.6, losing 109 pips, after closing at 142.7 in the preceding trading session. USD/JPY is down 75 pips from the beginning of the session and now trades around 130.63. GBP/NZD slumps 0.34% to trade around 1.9649.
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