Key Highlights NZD/USD failed to recover above the 0.5800 resistance zone. A major bearish trend line is forming with resistance near 0.5750 on the 4-hours chart. Crude oil price started a steady increase above the $85.00 resistance zone. The US Initial Jobless Claims could increase from 193K to 200K. NZD/USD Technical Analysis The New Zealand […]
The post NZD/USD Recovery Stalls While Oil Price Climbs Higher appeared first on Action Forex.
Against the backdrop of military developments in the Middle East, the situation in the oil market is evolving rapidly. Only two days have passed since 9 March, when we published a morning analytical note in Read more…
GBP/USD rose to 1.3450 on Wednesday. Expectations of de-escalation in the Middle East supported the pound, as lower oil prices reduced inflationary risks for the British economy, which is heavily dependent on energy imports. Despite Read more…
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