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NZDUSD is up almost 5% so far in August Further gains are likely, but risk of near-term correction is high NZDUSD is trading near seven-month highs on Wednesday, as the pair continues its August bull charge. However, there appears to be some resistance in the 0.6250 area where the intersecting long-term descending trendline is providing […]

The post NZDUSD Still Bullish But Rally Looks Overstretched appeared first on Action Forex.

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21/10/2024

EUR/USD Rebounded from 1.0831

Markets European yields Friday continued a gradual bull steepening in the aftermath of the ECB policy decision. In first post-meeting comments, policymakers evidently held to a data dependent approach. However, the analysis on inflation is turning softer. Several members including Bank de France governor Villeroy showed growing confidence that inflation, after a technical uptick in […]
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GBPUSD Remains Bearish in Very Short-Term

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