The New Zealand dollar consolidates as the RBNZ raises its interest rates by 50 basis points. The struggle to clear the supply area around 0.6200 suggests that the sell side still has a firm grip on the direction. The RSI dipped again into the oversold zone and prompted short-term sellers to take some chips off […]
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Daily Pivots: (S1) 1.3645; (P) 1.3665; (R1) 1.3694; More… Intraday bias in USD/CAD stays on the downside as decline from 1.4791 is in progress. . Next target is 61.8% projection of 1.4414 to 1.3749 from Read more…
There was a fleeting uptick in sentiment overnight after US President Donald Trump spoke by phone with Chinese President Xi Jinping, calling the conversation “very positive” and announcing renewed lower-level trade talks. However, the initial Read more…
Key Highlights USD/JPY started a fresh decline below the 144.00 level. A connecting bullish trend line is forming with support at 143.40 on the 4-hour chart. EUR/USD is now gaining pace and might clear the Read more…