NZD/USD remains in a strong downtrend, with the key resistance level at 0.5713 acting as a significant barrier to upward movement. As long as the price remains below this level, the bearish momentum is expected to persist. The RSI remains under 50,...
Market Fundamentals: Non-yielding assets like the precious metal face downward pressure, as traders now anticipate only a 30-basis-point (bps) rate cut over the course of the year, compared to the previously expected 45 bps before the release of the...
NZDUSD currency pair - let’s look at the D1 period chart. What can be seen here from beginning the current February? The price made a dip downwards, with a price gap, and updated the minimum of the previous January. A bullish divergence formed on...
The NZD/JPY pair is currently navigating through a period of significant bearish pressure, with the 87.22 level acting as a crucial resistance that continues to limit any upside attempts. Given that the pair remains below this level, technical...
EUR/USD Technical Analysis and Forecast The EUR/USD market is currently in a downtrend. It is showing daily highs and lows and signs of price consolidation. Key technical indicators point to mixed dynamics. The price later dipped to 1.0467 before...
