The NZD/USD pair has fallen to 0.5590 as of Friday, marking a two-year low driven by a strong US dollar and concerns over China’s economic performance. The decline in the New Zealand dollar comes ahead of the release of the US jobs report for December, a critical data point that will shape market expectations for […]
The post New Zealand Dollar Near Two-Year Low: USD and China are ‘to Blame’ appeared first on Action Forex.
Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD recovered after brief breach of 1.0223 support and intraday bias remains neutral. With 1.0457 resistance intact, outlook stay bearish. On the downside, firm break of Read more…
Daily Pivots: (S1) 1.2240; (P) 1.2306; (R1) 1.2375; More… GBP/USD’s decline continues today and intraday bias stays on the downside. Sustained trading below 1.2256 fibonacci level will carry larger bearish implications. Next target is 61.8% Read more…
Daily Pivots: (S1) 157.69; (P) 158.04; (R1) 158.51; More… USD/JPY’s rally continues today and intraday bias stays on the upside for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will Read more…