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Australia to add fewer jobs than before Unemployment rate to remain unchanged Aussie plummets ahead of the release on Thursday at 00:30 GMT Data on employment continues to be relatively reliable. In most months, the increase in the labor force is bigger than the rise in unemployment. This is helping to keep the unemployment rate […]

The post Australian Employment Report in Focus as Aussie Dives appeared first on Action Forex.

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21/05/2024

NZD/USD Steady Ahead of RBNZ Rate Announcement

The New Zealand dollar is almost unchanged on Tuesday. NZD/USD is down 0.06%, trading at 0.6102 in the European session at the time of writing. RBNZ expected to maintain cash rate The Reserve Bank of New Zealand has shown it can be patient, having held the cash rate at 4.35% for six straight times. The […]
14/03/2024

Technical Outlook and Review

DXY: For DXY, the potential direction is bearish, aligning with the overall momentum of the chart. There’s a likelihood of a bearish continuation towards the 1st support level. The pivot at 103.44 acts as a significant overlap resistance, indicating a potential barrier where selling pressure may intensify. On the support side, the 1st support at […]
13/12/2023

NZDUSD Corrects Lower But 200-day SMA Curbs Retreat

NZDUSD experiences a sharp pullback from its 4-month peak But the 200-day SMA acts as a strong floor for now Momentum indicators deteriorate but remain in positive areas NZDUSD had been staging a solid rebound from its 2023 low of 0.5772, peaking at a fresh four-month high of 0.6221 in early December. Since then, the pair retraced […]