RSI

NZDUSD tests resistance The New Zealand dollar jumped after the RBNZ warned that further policy tightening might be needed. The pair is testing 0.6210 at the start of a sell-off in August and a bullish breakout would put last summer’s…
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USDCHF drifts lower The US dollar softens amid expectations of an end to the Fed tightening. The pair continues downward in search of bids as short-term sentiment remains pessimistic. As the daily RSI indicator sinks into the oversold…
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USDCAD tests key floor The Canadian dollar rose after retail sales stayed in positive territory in September. The price drifted lower after hitting resistance at 1.3760 where a shooting star pattern showed a rejection of higher offers.…
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USDJPY tries to recover The Japanese yen lost steam after the CPI reading in October fell short of expectations. A slide below the daily support of 149.00 has led some short-term buyers to exit their positions. The pullback so far has…
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GBPUSD seeks support The US dollar clawed back losses after last week’s initial jobless claims beat expectations. A jump above the previous high of 1.2500 has strengthened the bullish bias as the price recovers from its October lows.…
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EURUSD continues higher The euro grinds higher as consumer price growth meets market estimates in October. The current sideways action suggests that the bulls are looking to hold onto their recent gains after a breakneck rally. The top…
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AUDUSD probes support The Australian dollar steadies as the labour market continues to show resilience. On the daily chart, the price has come under pressure in the former demand zone around 0.6540. A combination of profit-taking and…
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EURUSD holds onto gains The euro bounced after the retail sales showed a smaller-than-expected contraction in September. A surge to an eight-week high has prompted a number of sellers to cover their bets, potentially putting the single…
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EURUSD hits resistance The US dollar jumps back as accelerating home price growth supports a hawkish guidance from the Fed. The pair had found a foothold over 1.0520 but came under pressure near the previous peak of 1.0690. A U-turn…
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USDCHF tests important ceiling The Swiss franc tumbled after the Swiss National Bank unexpectedly paused its interest rate hikes. A jump above the psychological level and July’s high of 0.9000 has sent a strong signal that the buy side…
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