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

EURAUD and EURNZD: EURNZD drops to new August low

by August 13, 2024
written by August 13, 2024

EURAUD and EURNZD: EURNZD drops to new August low

During this morning’s Asian trading session, the EURAUD retreated from the 1.66100 level. 
During this morning’s Asian trading session, EURNZD continued its previous retreat. 

EURAUD chart analysis

During this morning’s Asian trading session, the EURAUD retreated from the 1.66100 level. Bearish consolidation brought the pair down to 1.65318 levels. There, we formed a new weekly low and stopped further retreat for now. We see the initiation of a recovery to 1.65800, but so far, there is no momentum to move above 1.66200 and reach the EMA 200 moving average.

With the impulse above, the EURAUD would rise to a new weekly high, thereby confirming that it has the strength to start a recovery. Potential higher targets are 1.66400 and 1.66600 levels. For a bearish option, we need a negative consolidation and a retracement below 1.65400. We are close to testing this morning’s low. If there is an increase in bearish momentum, we will see the formation of a new lower low. Potential lower targets are 1.65200 and 1.65000 levels.

 

EURNZD chart analysis

During this morning’s Asian trading session, EURNZD continued its previous retreat. In the EU session, the pair fell to 1.80696 and formed a new weekly low there. Strong bearish momentum will soon bring us down to a new lower low and extend the bearish trend. Potential lower targets are the 1.80500 and 1.80000 levels.

For a bullish option, we need a new positive consolidation above the 1.81000 level. EURNZD needs to stabilize there before continuing above the EMA 50 moving average and the 1.81500 level. If the pair succeeds in this, it will have the opportunity to climb up to 1.82000 and test the EMA 200 moving average. If the bullish momentum continues, we expect to see momentum above and the formation of a new weekly high. Potential higher targets are 1.82500 and 1.83000 levels.

 

The post EURAUD and EURNZD: EURNZD drops to new August low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Technical Difficulties Delay Trump-Musk Chat On X
next post
Nifty under heavy pressure: German 40 steady on Tuesday

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

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

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

  • Starbucks announces several changes, including plans to cut some menu items

    January 30, 2025
  • Democrats’ furor over ‘unqualified’ Trump nominees puts Biden’s staffing decisions back in the spotlight

    November 15, 2024
  • RFK Jr. vows he won’t take cheeseburgers away, just highlight health issues: ‘My boss loves’ them

    January 29, 2025
  • Michael Moore’s stark warning to Democrats on election momentum: ‘It’s ours to blow’

    August 18, 2024
  • SENS. BERNIE SANDERS AND JOSH HAWLEY: Cap credit card interest rates at 10%

    February 13, 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 (6,032)
  • Investing (634)
  • Stock (925)

Latest Posts

  • Former Dem fundraiser sees ‘overwhelmingly positive’ response as her longtime donors give to Trump inaugural

    January 14, 2025
  • ‘Structural racism’: Top taxpayer-funded academy rife with DEI programs, hefty executive salaries

    February 27, 2025
  • Trump nominates Harmeet Dhillon, Mark Paoletta to key posts, backs KC Crosbie for RNC co-chair

    December 10, 2024

Recent Posts

  • Religious slaughter in Syria shows need for US, Europe to ‘keep a close eye’ on Islamist regime: Greek FM

    March 10, 2025
  • From Zapruder to smartphones: assassination footage reshapes America’s view of political violence

    September 14, 2025
  • China Stock Market: Mixed Signals from China and Japan

    August 2, 2024

Editor’s Pick

  • Jewish-American group urges US citizens in Israel to vote as absentee ballots can impact swing states

    October 22, 2024
  • ‘Absurd’: White House blasts law firm that helped fuel Russia hoax after challenging Trump order

    March 13, 2025
  • Nigel Farage responds after Elon Musk declares he ‘doesn’t have what it takes’ to lead Reform UK Party

    January 6, 2025
  • 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