Daily Pivots: (S1) 0.6481; (P) 0.6512; (R1) 0.6540; More… Despite spiking higher to 0.6541, subsequent retreat in AUD/USD suggests that a temporary top was formed. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 55 4H EMA (now at 0.6427) to bring rebound. Break of 0.6541, and sustained trading above […]
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Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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