NZD/USD trades near the 0.5900 zone following another daily push higher MACD supports bullish bias, while RSI flirts with overbought territory Key moving averages continue to underpin the pair’s upward trajectory The NZD/USD pair advanced for a third session on Wednesday, holding near the 0.5900 region ahead of the Asian session. The pair saw modest…
Here is what you need to know on Wednesday, April 16: Following a meager recovery on Tuesday, the US Dollar (USD) comes under renewed selling pressure on Wednesday as markets assess the latest news on trade wars. March Retail Sales and Industrial Production data will be featured in the US economic calendar. Additionally, the Bank…
The DXY trades around the 103 zone on Monday, trying to extend Friday’s rebound amid volatile market conditions. A report suggesting Trump may pause tariffs briefly lifted sentiment, but a sharp White House denial reversed optimism. Resistance sits near 103.75, while 102.50 serves as key support amid mixed technical signals. The US Dollar Index (DXY),…
NZD/USD fell sharply toward the 0.5600 zone on Friday, tracking heavy daily losses ahead of the Asian session. Momentum indicators align bearishly, with MACD and Bull Bear Power showing clear selling pressure. Major moving averages and resistance near 0.5700 cap upside attempts for now. The NZD/USD pair collapsed on Friday, diving toward the 0.5600 area…
AUD/USD tumbles toward the 0.6050 region during Friday’s American session, marking a sharp intraday plunge. Trump’s aggressive tariffs spark fears of slower global growth and inflation; Fed Chair Powell warns of broader economic impact. Technical indicators flash strong bearish momentum; resistance seen near 0.6200 while the pair tests multi-year lows. The AUD/USD pair crumbled below…
DXY trades near the 104.20 zone after mixed reaction to PMI and Job Openings data. Manufacturing activity contracts and hiring slows, keeping stagflation risks in play. Resistance seen around 104.84 with support clustering near 104.13. The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, trades near…
AUD/JPY was seen near the 94.30 zone on Friday ahead of the Asian session, retreating toward the lower end of its daily range. Despite mixed signals from oscillators, moving averages tilt the broader technical bias to the downside. Support lies near 94.00 and 93.88, while resistance is seen just above 94.40; indicators remain conflicted with…
EUR/USD was seen trading near the 1.0830 zone on Friday after the European session, moving closer to the top of its daily range. Despite mixed oscillator signals, short- and long-term moving averages support the pair’s ongoing bullish momentum. Support is seen around 1.0790–1.0810, while resistance stands near 1.0845; MACD flashes a sell, but trend bias…
NZD/USD was seen around the 0.5730 zone, posting modest daily losses ahead of the Asian session. The pair is testing a key confluence of the 20 and 100-day moving averages, with downside risks emerging below this area. During Friday’s session ahead of the Asian open, NZD/USD declined modestly and was last seen hovering around the…
The Greenback made a U-turn, building on Wednesday’s post-FOMC recovery and climbing to weekly highs as investors reassessed the Federal Reserve’s lack of urgency in cutting rates. Here is what you need to know on Friday, March 21: The US Dollar Index (DXY) regained the smile and returned to the area beyond the 104.00 barrier…