NSDQ 100 (NAS 100) correction continues
The NSDQ 100 lost further momentum as sentiment remained frigid regarding Donald Trump’s tariff plans. A break below 20500 confirmed another daily loss, which showed more commitment from sellers to maintain the downward bias. However, the RSI’s slight bullish divergence has so far limited a progressive break through the 20000 level, which is another key level in maintaining the balance. A move back past 20500 could give some hope for buyers looking for a push towards 21000.
AUDUSD bouncing back
The Australian dollar continues its fightback as the greenback continues to lose momentum. A bounce at the daily support of 0.6280 has put the Aussie back on the front foot. As prices head for the next swing high at 0.6360, the first hurdle to clear is at 0.6325. With the RSI creeping up to overbought territory, selling pressure could creep in. In this case, 0.6300 is a fresh resistance.
NZDUSD pushes for another top
Much like the Aussie, the New Zealand dollar is also pushing higher. On the chart, the pair is attempting another test at the failed breaks of the previous double top at 0.5750. However, resistance at that level would suggest that there is room to move lower. A fall below 0.5710 would cancel out the bull rally, and with a bearish divergence on the RSI, this could cause another sell-off. 0.5660 could be the next target for bears if a collapse back down to 0.5600 ensues.
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