NZD/USD seesaws around intraday high surrounding 0.5940-35 heading into Tuesday’s European session. In doing so, the Kiwi pair defends the previous day’s corrective bounce off the lowest level since November 2022, as well as an upside break of a fortnight-long resistance line. Adding strength to the upside bias are the bullish MACD signals. With this, the […]

The AUD/USD pair gains momentum for the second consecutive day. The pair edges higher to the 0.6420 mark in the Asian session on Tuesday. The Greenback faces some follow-through selling after S&P Global downgraded and revised its outlook for multiple US banks on Monday, following a similar action by Moody’s. The weakening of the US […]

EUR/JPY holds lower ground at the intraday bottom of around 158.20 heading into Friday’s European session. In doing so, the cross-currency pair takes clues from the recent pullback in the Treasury bond yields, as well as upbeat prints of Japan’s inflation data, amid a sluggish trading day. However, the pair’s clear U-turn from a three-week-old […]

AUD/USD consolidates above 0.6400 during the Asian session on Friday, rebounding from the low mark on Thursday. The Aussie might experience downward pressure as a result of the downbeat employment data from Australia released on Thursday. The pair could face resistance around the 5-day Exponential Moving Average (EMA) at 0.6434 lined up with the 0.6450 psychological […]

USD/CHF struggles for clear directions around 0.8780 after posting the first daily loss of the week the previous day. In doing so, the Swiss Franc (CHF) pair traces the market’s lackluster moves amid anxiety ahead of the mid-ties Swiss data, as well as the next week’s annual event at the Jackson Hole Symposium where the top-tier […]