NZD/USD struggles to remain in the positive territory after minor losses registered in the previous session due to weaker upbeat S&P Global PMI from t
NZD/USD looks to extend losses due to the stronger US Dollar. Technical indicators suggest a bearish sentiment in the pair. Major level at 0.5800 aligned with the monthly low could act again as support. he United States . US S&P Global Composite PMI showed growth in October, rising from 50.2 to 51.0. The Services PMI experienced an increase, reaching 50.9, while the Manufacturing PMI rose to 50.0.
5800 aligned with the monthly low at 0.5807 could act again as the immediate support for the NZD/USD pair. The Moving Average Convergence Divergence line remains beneath both the centerline and the signal line. The financial sonnet echoes a bearish refrain for the NZD/USD pair. Furthermore, the NZD/USD pair unveils a bearish momentum, as the 14-day Relative Strength Index flaunts a palpable penchant for weakness, gracefully bowing beneath the 50 level.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AUD/JPY Price Analysis: Hovers around new four-day high, remains subduedThe AUD/JPY reached a new four-day high at 95.37 on Tuesday, registering solid gains of 0.46%. However, as Wednesday’s Asian session begins, the cross
Read more »
NZD/USD: Price action remains flaky and whippyNZD/USD hit a new cycle low around 0.5808. Economists at ANZ Bank analyze the pair’s outlook. Worried about an NZD reversal NZD/USD hit a new low but
Read more »
Pound Sterling Price News and Forecast: GBP/USD hovers above 1.2150 major levelGBP/USD lost its traction and erased its daily gains after rising toward 1.2200 in the early European morning. In the absence of high-impact macroecon
Read more »
NZD/USD stops the bleeding, recovering towards 0.5850At the beginning of the week, the NZD/USD increased towards 0.5850, as the pair seems to be facing a period of consolidation after losing more than 1%
Read more »
NZD/USD risks a deeper pullbackIn the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, NZD/USD could slip back to the 0.5800 region in the short-t
Read more »
NZD/USD recovers into 0.5850 as risk aversion recedes, for nowThe NZD/USD is catching some bids into 0.5850 as broad market risk appetite stabilizes heading into a bumper week of US data readings. The economic ca
Read more »