German stock index DAX quietly closed a 0.1% lower coming back to the previous levels. The reason for it was many European stocks, which became in the red zone. Also, you could notice that in general the trade war between the US and China had been ignored by European shares.
We can see the strong resistance near 12700 level, which borders with 10-D SMA. It might hold back a future growth to 200-D SMA. So, RSI shows the normal values and many other indicators confirmed that the price mostly is in the descending channel. In this way, we think there are no any hindrances to test 12500 level again.
The NZD keeps on falling since the opening Asian markets. Kiwi has lost almost a figure for the past hours during the strong bearish impulse. Today RBNZ declared about keeping the interest rate at the previous level 1, 75%.
Many traders started adjusting their Kiwi expectations because they expected rising rates. However, the RSI index shows 31% which means that the pair is in the oversold zone, therefore, we can expect a couple of correction sessions.
So, our targets for
DAX30 (GER30) – is selling to 12500
NZDUSD – is buying to 0,6750