Current market conditions suggest that traders should exercise caution as the US Dollar’s recent strength, driven by rising yields and political speculation, may face a pullback or consolidation. Despite its resilience, declining US bond yields have...
Technical analysis of NZDUSD Today I choose NZD/USD for technical analysis. The market price is currently between the resistance level at 0.5880 and the support level at 0.5804. Now that the market price has broken the support level and closed...
GBP/USD picks up fresh bids and clings to modest daily gains above 1.2750. Markets cheer improving risk sentiment as traders shrug off geopolitical risks and reposition ahead of the US inflation test, making it difficult for the US Dollar to gather...
The pair faces continued pressure as market participants react to disappointing updates on China's stimulus efforts. The National Development and Reform Commission of China acknowledged challenges from complex domestic and international environments...
Technical analysis of AUDUSD Today I choose AUD/USD for technical analysis. The market price fell below the 0.6465 resistance and rebounded after reaching the 0.6381 support. If the market fails to break above this support, the price is likely to...