Technical analysis of NZDUSD Today I choose NZD/USD for technical analysis. The market price is currently between the resistance level at 0.5679 and the support level at 0.5592. Now that the market price has broken the support level and closed...
Market forecasts suggest a marginal slowdown in economic activity, with the Services PMI expected to ease to 52.2 from the previous month's 52.4. Meanwhile, mixed expectations surround US PMI data, as the Manufacturing PMI is anticipated to rise...
The spot price is seeing some support from hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock, who highlighted the persistently high core inflation levels, ruling out near-term interest rate cuts. These remarks have...
The Federal Reserve's latest dot plot suggests that policymakers now anticipate just two quarter-point rate cuts next year, a significant shift from the previous projection of four. Fed Chair Jerome Powell acknowledged that inflation remains...
The AUD/USD currency pair is currently showing signs of bullish momentum, with potential price appreciation of 41 to 57 pips. The pivot point is strategically positioned at 0.6202, serving as a critical level that traders closely monitor to assess...
