NZDCAD

USDCHF Surges Backed by Robust Jobs A combination of fundamental and technical factors have put the US dollar in demand lately. Last Friday’s positive NFP number may have offered the buyers more assurance, as improvement in the job…
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NZDCAD has seen a progressive shift to the upside in recent months, after the bounce at the 61.8% of the 0.9008/0.8018 Fibonacci leg. Bias turned to the upside after the specified support, as prices look to continue the acceleration.…
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GBPJPY Inches Up on Deal Optimism The pound sterling could continue to strengthen against the yen. This is as long as hopes of a limited trade deal keep sellers at bay. Markets have shrugged off August’s slower-than-expected GDP…
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NZDCAD climbed to yearly highs in July before hitting resistance at the upper regression channel at 0.9010. The pair had been on an uptrend since a pullback in March when the pandemic took effect. The higher lows recorded since suggest a…
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NZDCAD missed the 90c yesterday. The pair has been trading along the median regression trendline of the 0.8016-0.8560 channel. Therefore, there have been limited attempts to break the outside channels. However, the higher lows recorded …
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EURGBP at Crossroads as UK Reopens The euro is struggling to hold its ground against the pound sterling after a sharp retreat to the March lows. Prime Minister Boris Johnson’s statement that Britain was past the peak of the pandemic…
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GBPJPY Rebounds Amid Economic Concerns The pound sterling went into a stiff sell-off as Britain grapples with its colossal public health crisis. As the economy is coming to a virtual halt amid the COVID-19 outbreak, the Bank of England cut…
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EURUSD Rises Back on Speculation of US Rate Cut The euro recouped most of February’s losses after the greenback retreated across the board last week. The first confirmed coronavirus case with unknown origins in the US raised concern that…
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USDJPY Rises on Potential Japanese Stimulus The Japanese yen fell sharply last week amid renewed concern that Japan could be on the brink of a recession. Speculations run high that the Bank of Japan may roll out further monetary stimulus…
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Trade of the Week GBPUSD softens as trade uncertainty looms Post-Brexit euphoria might have come to an end as investors shifted their focus to EU-UK trade negotiations. The reality is that each side has a different vision of the shape…
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