New Zealand Dollar (NZD)

USOIL struggles for support WTI fell further as persistence concerns over demand persisted. As the daily RSI fell into the oversold area, bears will need to take a breather after they cleared the August low of 71.45. A drop below the…
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The FTSE 100 Index (UK 100) bounces back The FTSE 100 Index eyes another fresh high, which has price action that breaks the previous resistance of 8400. The move has attracted further buying interest from the start of the breakout rally…
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RBNZ Rate Decision: Are We Sure It's A Cut? New Zealand's central bank is the first to wade into the choppy waters of the financial world after last week's "flash crash". Although markets have largely stabilized since then, there has been…
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USDCAD pressured by bearish divergence The greenback continued to struggle as global recession fears linger. Sentiment remains cautious after the pair fell lower and now sees the immediate resistance 1.3700 as a critical price cap. With…
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XAUUSD continues higher Gold continues to grind higher to push for another record high after falling short at 2480. The gold price today remains bullish after hitting another record due to the Fed hinting at rate cuts sooner rather than…
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USDCAD tests major support The Canadian dollar advanced over the greenback after CPI data almost confirmed the Fed will cut rates in September. The pair has turned south at 1.3740 from a previous lengthy consolidation on the chart. This…
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NZDUSD cracks critical resistance The NZD (New Zealand dollar) continued the bull trend after breaking higher through the recent symmetrical triangle. A push above the demand zone around 0.6050 was a sign of strength, and a close above…
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EURUSD still under pressure The US dollar advanced after Jerome Powell stated that the Fed’s tightening campaign was not over. On the daily chart, the pair is inching towards the demand zone near 1.0700 after failing to hold above the…
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