The NZD/USD strengthened to 0.5855 during the early Asian trading session on Wednesday. The New Zealand Dollar (NZD) appreciates slightly against the US Dollar (USD) on Chinese economic data. Traders should watch for US inflation data soon....
Support Levels The primary support zone is located at 4277.05 – 4318.50, which represents the recent swing low region. The level 4318.50 is the higher end of this cluster, while 4277.05 is the ultimate line of defense shown on the chart. A secondary...
USDCAD Price Action: We are assessing the USD/CAD currency pair's current price action dynamics. The Bank of Canada cut the discount rate last week, which is likely to cause the USD/CAD exchange rate to decline. The Canadian dollar may still be...
NZDUSD H1 Technical Analysis – Bearish Pressure Near Resistance Market Structure The NZDUSD H1 chart shows that the pair remains under overall bearish pressure, despite the recent recovery from the 0.58380–0.58400 area. Price previously experienced...
EURUSD 4-Hour Analysis: In the upcoming trading sessions, we'll see how the EURUSD currency pair performs. The price will move more confidently toward its goal level of 1.14864 once the stochastic oscillator goes negative, but correction at this...
