NZDUSD Climbs to Fresh 5-month High, Eyes 0.6300 Level

Key Highlights EUR/USD started a decent increase above the 1.0880 resistance. A key bullish trend line is forming with support at 1.0910 on the 4-hour chart. Gold prices rallied above the $2,180 resistance zone. The US Consumer Price Index could be 3.1% in Feb 2024 (YoY). EUR/USD Technical Analysis The Euro started a fresh increase […]

Markets Euro weakness remains name of the game in the wake of French President Macron’s snap election call as his coalition got whacked in EU elections. ECB comments played a role as well. EUR/USD set a new sell-off low around 1.0730 from starting levels near 1.0775. Macron’s proposal to join forces on the center(-left/right) aisle […]

USDCHF retains a neutral pace ahead of US CPI inflation Encouraging signals detected, but rally above 0.8600 required USDCHF has been gently moving sideways, unable to post durable gains above the 0.8500 level after the bounce off a nine-month low of 0.8331 at the end of 2023. Both the RSI and the MACD have been […]