The NZD/USD pair refreshes two-week high near 0.5980 in Monday’s European session.
NZD/USD trades close to a two-week high around 0.5980 amid improved market mood. The US Dollar drops ahead of the Fed ’s policy meeting, scheduled for May 1. NZ Q1 Employment data will guide the next move in the Kiwi Dollar. The Kiwi asset is up 0.55% as appeal for risk-sensitive assets is upbeat. The US Dollar drops as weak United States data has raised concerns over its economic outlook. The US Dollar Index remains near the key support of 105.
The Kiwi asset rebounded after a Double Bottom formation, which lead to a bullish reversal emerges. The asset has extended its upside above the horizontal resistance plotted from April 1 low around 0.5939, which has become a support for New Zealand Dollar bulls. The near-term outlook improves as the asset holds gains above the 20-period Exponential Moving Average around 0.5950. The 200-EMA around 0.5990 is still a major roadblock for the New Zealand Dollar bulls.
Fed RBNZ Chartpatterns Riskappetite
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NZD/USD Price Analysis: Bears maintain control, short-term bullish flip on the horizonThe NZD/USD pair is currently trading at 0.5950, showing a 0.50% decrease in the session.
Lire la suite »
NZD/USD Price Analysis: Bearish pattern unfoldingNZD/USD is falling in a bearish three-wave pattern, known as a Measured Move.
Lire la suite »
NZD/USD Price Analysis: USD hold sway, short-term positive oscillations surfaceThe NZD/USD pair is currently trading at 0.5965, with a marginal gain of 0.13%.
Lire la suite »
NZD/USD Price Analysis: Kiwi bulls find some light, bears command the broader stageThe NZD/USD was trading around the 0.6000 zone during Wednesday's session, reflecting an increase of 0.55%.
Lire la suite »
NZD/USD Price Analysis: Short-term trend probably reversingNZD/USD has been broadly falling in a bearish three-wave pattern, known as a Measured Move but intraday charts are now signaling that the short-term trend has probably reversed.
Lire la suite »
NZD/USD Price Analysis: Bulls back off, consolidation may be incomingThe NZD/USD pair is trading at around 0.6025 and trimmed most of its daily gains on Thursday.
Lire la suite »