We are holding above the bottom level th 7th day. Yesterday's inverted hammer indicates an attempt to turn up.
Back in the rising channel and break beyond the falling resistance at big volume.
I think that the dollar will make a pause here. The price of the rouble surged that fast in relation to the dollar only so that the relation with the other currecies is disturbed now. The shall require some correction and as there is no strenght of the USD in relation to the other main currencies this correction shall weigh on the dollar now.
We are holding below a daily cross resistance and may see lower prices the next few days.
The second lower low after an attempt to correct lets the market look downward.
We are facing a resistance zone here at moment. This may result in a sideward range for some hours or even days. But with the fall below 1.93 it is clear to me that the road is leading down now.
The present retracement is larger than expected. After this testing back the downside it could mean a breakout to the upside.
We are sticking in a sideward range but with the dollar well supported overall we may expect a consolidation here.
Several bullisk candles have appeared at a support line.
We've failed to develope a new, upward trend. Thus I prefer to assume that the original trend is still alive.
The downward correction has finished and we see a continuing trend up now.
We've failed to develope a new, upward trend. Thus I prefer to assume that the original trend is still alive.
The rate seems to stop at the multiply tested since February support and resistance zone. This may lead to higher rates again.
The Kiwi seems to stop its decline here again at this support zone and may be willing to retest its falling resistance line once again.
Looks like if the attempt down is ending after yesterdays resurge.
The NZD has corrected its decline and is facing the resistances of the channel and the MA as well.
It is not yet the final break out of the downward waving flag but a break above some indicators. So it is perhaps better not to invest to much at this moment yet.
After the steep rise yesterday I have no doubt that the pressure will be strong enough to overcome the previous high of February decisively.