The NZD/USD pair is at a crucial turning point, with its price movement centered around the pivot level of 0.5628. This level serves as a decisive support, and as long as the price remains above it, a rebound scenario is favored, with potential...
NZD/USD continues to trade near a crucial decision point, with 0.5628 acting as a pivotal support level. If the pair holds above this threshold, a rebound scenario is favored, with the possibility of gaining between 34 and 48 pips. The technical...
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 main events by the morning: January 29 The European Union plans to abandon Russian aluminum within a year. The EU intends to introduce a phased ban on imports of Russian aluminum as part of the 16th package of sanctions. Also, in accordance with...
NZD/USD is currently trading near the critical threshold of 0.5628, which serves as a decisive pivot level that could dictate the pair’s short-term trajectory. If price action remains above this level, a recovery towards higher resistance zones is...
