According to UOB analysts, the New Zealand Dollar (NZD) could test the 0.6115 level, provided it stays below 0.6185. However, a significant break below this level isn’t expected at the moment. In the longer term, if NZD does manage to drop below 0.6115, it could potentially move further towards 0.6085. Earlier today, NZD traded between […]
The post NZD: New Lows May Be Formed Soon appeared first on Action Forex.
China’s economic data for October showed a mixed performance, with retail sales surpassing expectations while industrial production and fixed asset investment slightly underperformed. Industrial production grew by 5.3% yoy, just shy of the expected 5.4% Read more…
Japan’s economy expanded by 0.2% qoq in Q3 2024, aligning with market expectations but indicating a slowdown from the previous quarter’s momentum. On an annualized basis, GDP grew by 0.9%, surpassing the anticipated 0.7%, yet Read more…
Key Highlights USD/JPY started another increase above the 154.65 resistance. A key bullish trend line is forming with support at 155.25 on the 4-hour chart. Gold extended losses and traded below the $2,600 support. Oil Read more…