Angel One Exposure Review: Low Score & Unregulated Forex Broker Risks
Angel One WikiFX score 1.57: Unregulated broker flagged with risk alerts. No listed complaints, but risks of withdrawal issues and forex scams remain.
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NZD/USD Price Analysis: Defies nearby bearish channel to aim for 0.6600
Abstract：NZD/USD leads G10 gainers while snapping seven-day downtrend around 16-month low.
Bullish MACD signals back descending trend channel breakout to underpin corrective pullback.
Previous support line from mid-January, 100-HMA restricts nearby advances.
NZD/USD takes the bids to refresh intraday high around 0.6562, up 0.26% on a day while consolidating the recent losses around multi-day low during early Monday.
The pairs recent corrective pullback takes clues from a clear upside break of a three-day-old descending trend channel, as well as the firmer MACD signals.
Even so, the previous support line from January 14, around 0.6595, precedes the 100-HMA level of 0.6628, challenging the NZD/USD bulls.
On the contrary, pullback moves may initially aim for the stated channels upper line, near 0.6545, before eyeing the recent multi-day bottom of 0.6532.
Also likely to challenge the NZD/USD bears is the channels support line and the 50% Fibonacci retracement (Fibo.) of March 2020 to February 2021 upside, respectively around 0.6500 and 0.6465.
NZD/USD: Hourly chart
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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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