Key Highlights NZD/USD climbed above 0.7000 before it started a downside correction. It broke a crucial bullish trend line with support near 0.6945 on the 4-hours chart. EUR/USD settled below the key 1.0950 support. GBP/USD is at a risk of a downside break below 1.3000. NZD/USD Technical Analysis The New Zealand Dollar started a steady […]
The post NZD/USD Could Correct Lower, 0.6860 Is The Key appeared first on Action Forex.
Assistant Governor Karen Silk indicated that RBNZ is likely to slow the pace of monetary easing and incorporate pauses into its rate cycle after February. “There could be pauses built in, but it is definitely Read more…
Key Highlights GBP/USD started an upside correction from the 1.2500 support. It cleared a key contracting triangle with resistance at 1.2600 on the 4-hour chart. Bitcoin tested the $91,000 zone before the bulls appeared. USD/JPY Read more…
Businesses remain very upbeat about the year ahead. There are also some signs that current conditions are gradually improving. Key results (November 2024) Business confidence: 64.9 (Prev: 65.7) Expectations for own trading activity: 48.0 (Prev: Read more…