Selling in May can now move over to always shorting in OctoberSelling in May can now move over to always shorting in OctoberSelling in May can now move over to always shorting in October

The NZD/USD pair built on its solid intraday rebound from one-week lows and is currently placed at the top end of its weekly trading range, around the 0.6325 supply zone. The mentioned region has been acting as a key barrier over the past one week or so and hence, should now act as a key pivotal point for short-term traders.   Meanwhile, technical indicators on hourly charts have been gaining positive traction and also recovered from the bearish territory on the daily chart. The set-up support prospects for an eventual near-term bullish breakout and an extension of the pair’s recent recovery move from multi-year lows set earlier this October. Asset Gates broker scam  On a sustained move beyond the mentioned barrier, the pair is likely to aim towards reclaiming the 0.6400 handle. The momentum could further get extended even beyond the 0.6425-30 intermediate resistance towards testing September monthly swing highs resistance near mid-0.6400s.   On the flip side, any meaningful slide back below the 0.6300 handle now seems to find some support near the 200-hour SMA, Trendin Graphs broker reviews currently near the 0.6285 region, which if broken might prompt some aggressive technical selling and accelerate the slide back towards challenging the 0.6245 horizontal support.    Forex Crunch is a site all about the foreign exchange market, which consists of news, opinions, daily and weekly forex analysis, technical analysis, tutorials, basics of the forex market, forex software posts, insights about the forex industry and whatever is related to Forex.Foreign exchange (Forex) trading carries a high level of risk and may not be suitable for all investors. The risk grows as the leverage is higher. Investment objectives, risk appetite and the trader’s level of experience should be carefully weighed before entering the Forex market. There is always a possibility of losing some or all of your initial investment / deposit, so you should not invest money which you cannot afford to lose. The high risk that is involved with currency trading must be known to you. Please ask for advice from an independent financial advisor before entering this market. Any comments made on Forex Crunch or on other sites that have received permission to republish the content originating on Forex Crunch reflect the opinions of the individual authors and do not necessarily represent the opinions of any of Forex Crunch’s authorized authors. Forex Crunch has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: Omissions and errors may occur. Any news, analysis, opinion, price quote or any other information contained on Forex Crunch and permitted re-published content should be taken as general market commentary. This is by no means investment advice. Forex Crunch will not accept liability for any damage, loss, including without limitation to, any profit or loss, which may either arise directly or indirectly from use of such information. .