Logo-color Logo-white

The Reserve Bank of New Zealand left its key rate unchanged at 5.5%, the highest in 15 years, but on hold for six months now. The decision was in line with market expectations. However, the NZDUSD rallied, adding over 1.2% at one point and touching 0.6200, a 4-month high. The buying impulse came from the […]

The post NZD Tired of Flying appeared first on Action Forex.

previous

Bullish Trend in AUDUSD Pauses But Remains Intact

next

EUR/USD: Bulls Taking Breather After Cracking Psychological 1.1000 Barrier

Read More

17/01/2024

USDCHF Wave Analysis

USDCHF reversed from support level 0.8400 Likely to rise to resistance level 0.8700 USDCHF currency pair recently reversed up with the weekly Piercing Line from the key support level 0.8400. The support level 0.8400 was strengthened by the lower daily Bollinger Band and by the support trendline of the weekly down channel from the start […]
22/04/2024

EURJPY Rallies Ahead of Key Market Events

EURJPY is preparing to test the recent 165.34 high The growing intervention threat is limiting the aggressive bullish appetite Momentum indicators maintain some degree of bullish tendency EURJPY is edging higher today with the bulls apparently preparing to challenge the recent 165.34 high following another false attempt by the bears to push this pair below […]
25/06/2024

Dollar Index: Bullish Bias Above Daily Cloud, US Inflation Data in Focus

The dollar index regained traction on Tuesday and ticked higher after dropping 0.4% on Monday. Pullback was contained by daily cloud top and marked a light correction of a larger uptrend, which remains intact. Technical picture on daily chart remains bullish, as MA’s are in bullish setup, positive momentum is strong and price action underpinned […]