The NZD/USD pair is trading on a negative note, hovering around 0.5695 during the early hours of Thursday's Asian session. Market participants are preparing for several key US economic releases later today, including the weekly Initial Jobless...
The Relative Strength Index (RSI) on the 4-hour chart is approaching the neutral 50 mark, indicating a potential waning of bullish momentum in the market. On the downside, the first support level to watch is 1.2530, which corresponds with the...
The USD/CAD exchange rate recently demonstrated weakness, falling below the 1.4200 level during the European trading session on Wednesday. This decline in the US dollar was observed as traders positioned themselves ahead of the highly anticipated...
EURUSD EURUSD outlook: The EURUSD pair remains under pressure due to the strength of the U.S. dollar, driven by strong economic data and the Federal Reserve's hawkish stance. The pair is currently trading below the 1.0600 psychological level, with...
I am particularly focused on the second-order level of 157.185, which I consider the final target for today’s trading session. I anticipate that once this level is reached, seller activity may begin to wane, as volatility could subside. This would...
