The NZD/USD currency pair is currently showing bullish characteristics, with an expected upward movement of 31 to 46 pips as long as the support level at 0.5572 holds. The RSI above 70 indicates that the market is likely in an uptrend. However, the...
AUD/USD managed to regain the smile and leave behind four consecutive daily retracements on Monday, gathering some traction soon after hitting lows not seen since April 2020 near 0.6130.The pair remains weak and faces the next support at the 2025...
The AUD/USD pair is expected to experience an upward movement of 21-41 pips, contingent on maintaining its position above the pivot level of 0.6160. In this scenario, long positions are favored, with targets identified at the 0.6215 and 0.6235...
Prices of Gold trade on the defensive and reverse four consecutive daily pullbacks in response to extra improvement in the US Dollar as well as investors' reassessement of just one (or none at all) interest rate cut by the Fed for the current year,...
The technical analysis of NZD/JPY suggests that the pair is in a consolidative phase, with key levels that could determine the future direction. The pivot point at 87.05 is crucial, as it serves as a baseline for the market’s movements. If the price...
