Friday, November 15, 2019

Forecast from company ForexMart

The forecast from the company ForexMart (ForeksMart)

Forecast AUD / USD on September 5

The currency pair AUD / USD on Friday reached the round price level 0.8000, reinforced SMA line (200) on the weekly chart, and then went on to decline. Today the Australian conducts trading in a narrow range in the first place, the beginning of the week, and, secondly, the holiday in the US

Tomorrow morning will be held the meeting of the Reserve Bank of New Zealand monetary policy. It is expected that the regulator will continue accommodative policy to keep interest rates unchanged. Entering the market in this trading instrument is recommended to exit prices beyond the narrow range of 0.7900-0.8000.

The forecast EUR / USD on September 5

EUR / USD The pair continues the horizontal movement near the mark of 1.19. The US dollar may weaken in the coming days due to lower investor interest in defensive assets after new North Korean nuclear test. Today, the US markets are closed, so the pair shows no apparent volatility of trading.

Despite a slight weakening of the euro, the pair continues moving inside the rising channel. The forecast for tomorrow suggests a decrease in quotations of European currency after a short flat. However, further increase in geopolitical risks could send the pair to the annual maximum.

Forecast NZD / USD on September 5

The currency pair New Zealand dollar / US dollar on Friday fell to the resistance level of 0.7150, and now pushed away from him and corrected to line a simple average of 100 days.

The dollar today is under pressure due to increased geopolitical riskov.Amerikanskie stock exchanges are closed on the "Labor Day", so you should wait until tomorrow to better understand the market's reaction to these events.

The medium-term target in the area of ​​0.7000-0.7050 has not yet been reached, so are more likely to expect the downtrend.



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