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.
Cancel Confirm
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.
Confirm
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
22 Sep 2022

NZD/USD Price Analysis: Refreshes 2.5-year low, vulnerable to test 0.5470

  • NZD/USD takes offers to refresh multi-month low, prints four-day downtrend.
  • Clear downside break of four-month-old descending trend line, 78.6% Fibonacci retracement favor sellers.
  • Oversold RSI may trigger corrective bounce on the way to year 2020 bottom.

NZD/USD takes offers to refresh the 30-month low as it drops to 0.5810 during Thursday’s Asian session. In doing so, the Kiwi pair extends the previous day’s downside break of a four-month-old support line, as well as the 78.6% Fibonacci retracement of the 2020-21 upside.

With bearish MACD signals supporting the quote’s latest break of the previous key support, the prices are likely to decline towards the year 2020 low near 0.5470.

However, the oversold RSI (14) may offer intermediate halts during the south run.

In that case, the round figures near 0.5800 and 0.5500 may offer breathing spaces to the NZD/USD bears.

Alternatively, recovery remains elusive unless the quote stays below the 78.6% Fibonacci retracement level near the 0.5900 threshold.

Also likely to challenge the pair’s immediate rebound is the support-turned-resistance from May, around 0.5870.

Even if the NZD/USD prices rally beyond the 0.5900 mark, the 0.6000 psychological magnet and the monthly high near 0.6165 could challenge the quote’s further upside.

NZD/USD: Daily chart

Trend: Further downside expected

 

Sep 22, 2022

GBP/JPY declines towards 162.00 despite odds of widening BOE-BOJ policy divergence

The GBP/JPY pair has surrendered the critical support of 162.20 in the Asian session and is declining towards 162.00 modestly. The asset has turned be
Read more Previous
Sep 22, 2022

S. Korea's Yoon, Biden reaffirm cooperating on stabilizing markets if needed – Yonhap

Following a meeting with US President Joe Biden in New York, South Korean President Yoon Suk-yeol asked Biden to resolve Seoul's concerns over the US
Read more Next