The NZD/USD pair experienced a slight decline on Wednesday, pulling back to the 0.5650 level as selling pressure reemerged following Tuesday’s attempt to recover losses. The pair continues to struggle around its 20-day Simple Moving Average (SMA), a...
If buyers fail to generate at least minimal upward movement and the price declines, breaking through my bearish sell level at 1.23887, this will serve as a confirmation of downward momentum. In this scenario, I will close my buy position at a loss...
The GBP/USD pair remains tightly wound around the 1.2450 level, reflecting a period of consolidation as traders await key economic data from both the UK and the US. The Pound Sterling is under scrutiny as markets anticipate the release of the UK’s...
The Australian Dollar (AUD) continues to trade within a narrow range, with AUD/USD slipping to around 0.6260 during Wednesday’s session, marking a 0.30% decline. The pair faced renewed selling pressure after failing to sustain momentum above the key...
Gold prices are showing resilience as they build on the previous day's recovery from a post-US CPI dip, supported by a combination of geopolitical tensions and concerns surrounding former President Donald Trump. These factors are bolstering demand...
