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 NZD/JPY currency pair is currently at a crossroads, with both bullish and bearish technical indicators. The pivot point at 87.05 is the key level to monitor, as it serves as a major support. If the price rebounds from this level, the next...
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 NZD/JPY pair appears to be in a consolidation phase, with critical technical levels determining its next move. The pivot point at 87.05 is of particular importance, as it acts as a key support level. If the price rebounds from this point, a rise...
In the given scenario, AUD/USD is expected to rise by 21-41 pips if it trades above the pivot point of 0.6160. The primary strategy for traders would be to go long once the price stays above this level, with targets at 0.6215 and 0.6235. The RSI...
