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NZDUSD is coming out of consolidation, suggesting that the price action since the start of July was a triangle in wave B. Therefore, the whole retracement from June 12th is much more complex and deeper but still has a corrective shape. It looks like we are just breaking down into wave C, which has key […]

The post Kiwi Coming into Strong Support Ahead of Inflation Data appeared first on Action Forex.

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20/05/2024

Could RBNZ Support Kiwi’s Recent Strength?

RBNZ meets on Wednesday, no rate change expected Quarterly forecasts and press statement will be closely scrutinized Press conference to gain interest if RBNZ turns dovish Kiwi’s recent run against the dollar could be under threat Third RBNZ meeting in 2024 The Reserve Bank of New Zealand will announce its interest rate decision on Wednesday […]
14/03/2024

Silver Wave Analysis

Silver broke key resistance level 24.50 Likely to rise to resistance level 25.5 Silver today broke the key resistance level 24.50 (which stopped the previous minor ABC correction 2 as can be seen below). The breakout of the resistance level 24.50 continues the active impulse wave C of the ABC correction (2) from January. Given […]
06/08/2024

Nikkei 225 Wave Analysis

Nikkei 225 reversed from support level 30600.00 Likely to rise to resistance level 35000.00 Nikkei 225 index recently reversed up from the key support level 30600.00, former support from the end of 2023. The support level 30600.00 was strengthened by the nearby 61,8% Fibonacci correction of the previous weekly uptrend from the start of 2023. […]