The US dollar rose on Tuesday, adding 0.65% against a basket of popular world currencies amid Donald Trump’s statements about his desire to increase the universal tariff on all imported goods above the current 2.5%. News of the tariffs supports the US dollar as it suggests a reduction in the US trade deficit and an […]
NZDUSD continues the bearish correction Technical oscillators are mixed NZDUSD plunged significantly after the RBNZ’s decision to cut interest rates by 50 bps. The pair remained closed to the 0.6100 round number and is holding near the 200-day simple moving average (SMA), which is acting as a strong support level. The technical oscillators are showing […]
The post NZDUSD Battles With 200-Day SMA After RBNZ’s Rate Cut appeared first on Action Forex.
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