NZD/USD Nosedives Below 0.6500 Post RBNZ Rate Cut

Key Highlights The New Zealand Dollar declined heavily below the 0.6500 support against the US Dollar. Two bearish trend lines are forming with resistance near 0.6535 on the 4-hours chart of NZD/USD.The Reserve Bank of New Zealand reduced the official cash rate (OCR) from 1.5% to 1.0%.The US Initial Jobless Claims for the week ending August 03, 2019 might remain stable at 2...
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NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ

NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ Key Highlights The New Zealand dollar after climbing a few pips above the 0.7400 level against the US Dollar failed. The NZDUSD pair is supported on the downside as long as the 0.7250 level is intact. Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand, and the central ba...
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GOLD At Clear Risk of Further Upsides

GOLD At Clear Risk of Further Upsides Key Highlights Gold price rallied recently against the US dollar and traded above the $1340 level. There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers. Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor. The market is expecting a ...
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NZDUSD Lower Post RBNZ Rate Decision

NZDUSD Lower Post RBNZ Rate Decision Key Highlights             New Zealand Dollar moved lower after the RBNZ announced the interest rates. NZDUSD pair broke a major support trend line on the hourly chart, which is now acting as a resistance. Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank k...
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