• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

EURAUD and EURNZD: EURNZD could slip to a new weekly low

by July 30, 2024
written by July 30, 2024

EURAUD and EURNZD: EURNZD could slip to a new weekly low

During this morning’s Asian trading session, EURAUD dropped to a new weekly low at 1.64926.
During this morning’s Asian trading session, EURNZD retreated to 1.83400 and formed a weekly low there. 

EURAUD chart analysis

During this morning’s Asian trading session, EURAUD dropped to a new weekly low at 1.64926. After that, the pair managed to maintain itself there and initiate a recovery to the 1.65680 level. Here, we encounter new resistance and make a slight pullback to the 1.65450 level. We could soon test the EMA 50 moving average. A fall below that line would strengthen the bearish option, after which we can expect a return to this morning’s support zone.

Potential lower targets are 1.64800 and 1.64600 levels. We need a positive EURAUD consolidation above the 1.65600 level for a bullish option. Thus, the pair climbs to a new daily low and could test the weekly open price at 1.65800. A new impulse would quickly move us to a new high and confirm the transfer to the bullish side. Potential higher targets are 1.66000 and 1.66200 levels.

 

EURNZD chart analysis

During this morning’s Asian trading session, EURNZD retreated to 1.83400 and formed a weekly low there. After that, we saw the initiation of a bullish consolidation up to the 1.83940 level. There, we encountered new resistance and turned again to the bearish side. The EMA 50 moving average created additional pressure on the pair. EURNZD is again looking towards the previous low and could slide to a new one.

Potential lower targets are the 1.83400 and 1.83200 levels. For a bullish option, we need a positive consolidation and a return above the 1.84000 level. With the new support of the EMA 50 moving average, we will have a new opportunity to start the recovery on the bullish side. Potential higher targets are the 1.84200 and 1.84400 levels. This week’s high is another step up at 1.84533.

 

The post EURAUD and EURNZD: EURNZD could slip to a new weekly low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
USDCAD and USDCNH: USDCAD is on a strong bullish run
next post
Reporter’s Notebook: Eyewitness to Taiwan’s annual military drills amid growing China threat

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Why is Jim Cramer optimistic on McDonald’s despite Q2 weakness?

    July 30, 2024
  • Tension builds around Tulsi Gabbard’s confirmation with key GOP Senators undecided

    January 30, 2025
  • Santander branch closures: 95 UK branches to be shut in digital banking shift

    March 19, 2025
  • Harris’ ‘mixed messages’ on natural gas production could cost her pivotal Pennsylvania

    October 24, 2024
  • Federal judge delays unions’ request to block DOGE access to agency information

    February 15, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,703)
  • Investing (634)
  • Stock (882)

Latest Posts

  • Trump envoy visits injured Ukrainian soldiers to deliver message, gets asked simple question

    February 22, 2025
  • ‘Polarizing’ way of picking party nominees targeted in ballot questions in these 6 states

    October 23, 2024
  • Trump announces to crowd he ‘just took off the last bandage’ at faith event after assassination attempt

    July 27, 2024

Recent Posts

  • CATL IPO: will the EV battery giant’s Hong Kong debut revive the city’s capital markets?

    February 12, 2025
  • US diplomats in Damascus for first time in more than 10 years following fall of Assad regime

    December 20, 2024
  • ‘A lot of waste’: Blackburn and Ramaswamy talk DOGE cuts

    November 25, 2024

Editor’s Pick

  • McDonald’s Snack Wrap is officially returning. Here’s when.

    June 4, 2025
  • Trump’s ‘Golden Dome’ will need Manhattan Project-scale whole-of-government effort, Space Force general warns

    March 6, 2025
  • Biden misses G-20 family photo, White House blames ‘logistical’ issues

    November 19, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock