Advertisement
Canada markets closed

  • S&P/TSX

    21,807.37
    +98.93 (+0.46%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • DOW

    37,986.40
    +211.02 (+0.56%)
     

  • CAD/USD

    0.7273
    +0.0010 (+0.13%)
     

  • CRUDE OIL

    83.44
    +0.71 (+0.86%)
     

  • Bitcoin CAD

    87,817.88
    +531.05 (+0.61%)
     

  • CMC Crypto 200

    1,380.78
    +68.16 (+5.19%)
     

  • GOLD FUTURES

    2,403.30
    +5.30 (+0.22%)
     

  • RUSSELL 2000

    1,947.66
    +4.70 (+0.24%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • NASDAQ

    15,282.01
    -319.49 (-2.05%)
     

  • VOLATILITY

    18.71
    +0.71 (+3.94%)
     

  • FTSE

    7,895.85
    +18.80 (+0.24%)
     

  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     

  • CAD/EUR

    0.6822
    +0.0001 (+0.01%)
     
MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

NZD/USD Is Forming a Fresh Uptrend

Nenad Kerkez

Dear Traders,

The NZD/USD has the chance to form a fresh uptrend on H4 timeframe, but it needs to stay above Wizz and Camarilla confluence levels.

We can see that MH3 camarilla pivot is slightly above W L3 and in a confluence with 0.6406 Wizz level 0. This makes 0.6377-0.6406 a POC zone where the price might bounce from. It is important for the NZD/USD to keep above the zone as the drop below could resume a downtrend. Targets are 0.6461, 0.6495 and 0.6521. A loss of 0.6375 could target 0.6329.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

ADVERTISEMENT

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

This article was originally posted on FX Empire

More From FXEMPIRE: