The forex market continues to show diverse price movements. Some currency pairs remain trapped in consolidation zones, while others are gaining directional momentum. This week, AUDNZD and NZDUSD exhibit bullish strength, whereas EURNZD, EURGBP, and AUDCAD lean toward a bearish outlook as sellers intensify pressure. AUDNZD Major Bias: Bullish AUDNZD is poised to continue its […]
The market remains highly dynamic, with currency pairs reacting to evolving conditions. This week, AUDNZD and EURNZD exhibit a bearish outlook as sellers increase pressure, while NZDCHF and AUDCAD maintain a bullish stance with buyers pushing higher. EURGBP experiences renewed bearish momentum as sellers take control. Below is a detailed analysis of each currency pair […]
The market landscape for AUDNZD, EURNZD, NZDCHF, EURGBP, and AUDCAD reflects dynamic movements amid fluctuating global economic conditions. These currency pairs are exhibiting varying trends, presenting potential opportunities for traders. While a few markets are making solid gains, buyers have largely been in control for some. Below is the market analysis for today. AUDNZDMajor Bias: […]
The Australian dollar has been making decent headway as it continues to soar in value against the US dollar. The reason for the latest rally can be attributed to the disappointing US PPI final demand data, which fell short of the estimated 3.0% year-on-year figure for the end of March, settling instead at 2.7%. Furthermore, […]
AUD/NZD increased as much as 1.0947 level after breaking out from a minor continuation pattern. The bias is bullish as the pair failed to confirm a corrective phase in the short term. The pair consolidated after the last upside momentum and now it seems determined to resume the swing higher. Technically, we cannot exclude a […]
The AN has rallied 4.11% (428 pips) from low to high since the move started back in December 2020. It has now fallen 1.50% or 165 pips to retest a previous key zone trading inside of a very structured move. Price has now made a higher high and higher low on the hourly breaking with […]
The AUD/NZD traded on a sideways momentum in the mid-European session, amid renewed market risk appetite. This year, the Aussie and the Kiwi are expected to perform positively, as they would be bolstered by several factors, mostly hinging on the Coronavirus. Both Australia and New Zealand have shown efficiency in nipping the spread of the […]
The reserve banks of Australia (RBA) and New Zealand (RBNZ) have both published slightly pessimistic outlooks for 2021, which in turn, would affect the Aussie and Kiwi. The AUD/NZD, which represents the value of the Australian dollar in terms of the Kiwi, is rounding off the year higher than it began amid plummeting global equity […]
The AUD/NZD maintained a bullish momentum through the trading session on Monday, amid a risk-off market mood. The declining risk mood seen at the start of the week has put the Aussie and the Kiwi on a backfoot against other major currencies. The risk sentiment got triggered by fears over the newly-found strain of the […]
