I decided to analyze a younger timeframe for the New Zealand dollar pair. I noticed that earlier, after a rebound from the local minimum at 0.5540, the pair moved upward. I observed the formation of an ascending price channel in the shape of a...
The GBP/NZD pair is trading near 2.0550 as of January 26, 2025, reflecting a mixed sentiment influenced by economic data and policy expectations from both the UK and New Zealand. The pair has recently shown a moderate upward bias as the British...
The AUD/USD pair has remained under sustained selling pressure, with price action failing to break through the critical resistance level at 0.6550. This level has proven to be a formidable barrier, reflecting the overwhelming bearish sentiment...
The AUD/USD pair continues to face significant downward pressure, reflecting a confluence of bearish technical and fundamental factors. From a technical standpoint, the inability to breach the pivotal resistance level at 0.6550 signals persistent...
The AUD/USD pair is entrenched in a persistent downward trend, with the pivotal resistance level of 0.6550 remaining unbroken despite multiple recovery attempts. This failure to breach a key technical level has cemented the bearish outlook, as...
