Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

NZD/USD Price Analysis: All eyes on three-month-old horizontal support

  • NZD/USD bounces off a multi-week-old support line but stays below 61.8% Fibonacci retracement.
  • A descending trend line from late-January adds to the resistance.
  • November 2019 low can return to the chart during further declines.

NZD/USD consolidates losses to 0.6395, up 0.15%, during early Wednesday. The pair recently took a U-turn from a horizontal line stretched from November 19. Though, the quote still remains below 61.8% Fibonacci retracement of its October-December 2019 upside.

In addition to the immediate key Fibonacci resistance near 0.6415, a downward sloping trend line since January 24, 2020, around 0.6435, also questions the pair’s latest recovery.

Furthermore, a confluence of 50% Fibonacci retracement and 100-day SMA, close to 0.8480/85, becomes the tough nut to crack for buyers.

Alternatively, the pair’s daily closing below 0.6377 will open the door for the extended declines to November 2019 low surrounding 0.6315.

Also up on the sellers’ radar post-0.6315 will be October 16, 2019 bottom and October 2019’s monthly low, respectively around 0.6240 and 0.6200.

NZD/USD daily chart

Trend: Pullback expected

 

EUR/USD: Five reasons for the euro's decline – Citibank

Analysts at Citigroup discuss the key five reasons for the euro’s recent decline to multi-year lows sub-1.0800 levels. Key Quotes: "Reasons for EUR's
Read more Previous

Singapore’s FinMin Heng: SGD exchange rate has sufficient band to move as appropriate

In an interview with Bloomberg TV on Wednesday, Singapore’s Finance Minister Heng said that the Singapore dollar (SGD) exchange rate has sufficient ba
Read more Next