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The Reserve Bank of New Zealand (RBNZ) kept the interest rate unchanged at 5.5% on Wednesday. The decision to maintain the interest rate was anticipated. However, market participants noted a shift in the tone of the RBNZ’s official statements. In May, the bank indicated that the tight policy would continue as long as necessary, but […]

The post Analysis of NZD/USD: “Kiwi” Sharply Fell After Central Bank’s Decision appeared first on Action Forex.

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02/09/2024

Swiss Franc Eyes Swiss CPI and GDP

The Swiss franc has edged higher on Monday. USD/CHF is currently trading at 0.8514, up 0.16% on the day. With US markets closed for Labor Day, we’re unlikely to see much movement from the US dollar today. Swiss retail sales rebounds Switzerland’s retail sales for July surprised on the upside, with an impressive gain of […]
16/01/2024

AUDUSD Slips to 1-month Low

AUDUSD posts a new negative wave RSI looks oversold 50- and 200-period SMAs ready for bearish cross AUDUSD is plunging towards a fresh one-month low of 0.6606 today, confirming the negative structure that started from 0.6870. Technically, the short-term risk is leaning to the downside. The MACD oscillator is extending its negative momentum beneath its trigger […]
04/04/2024

GBP/USD: Slight Bullish Bias Above 200-DMA But Thin Daily Cloud Still Significant Obstacle

Cable extends recovery from 1.2540 double bottom (Apr 1 / 2 lows) and pressuring significant barrier at 1.2674 (daily cloud top / Fibo 38.2% of 1.2893/1.2539), as bulls regained traction after a false break below pivotal 200DMA support (1.2586). Near-term action is expected to keep slight bullish bias while holding above 200DMA, though sustained break […]