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New Zealand’s unemployment rises, wages ease The New Zealand dollar is drifting on Wednesday, after jumping 0.73% a day earlier. In the North American session, NZD/USD is trading at 0.6104, up 0.12%. New Zealand’s employment change rises New Zealand’s employment report for the fourth quarter indicated that the labour market remains relatively strong. Employment rebounded […]

The post NZD/USD Shrugs after NZ Employment Report appeared first on Action Forex.

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23/02/2024

USDCAD Uptrend Loses Power

USDCAD lacks strength but holds near key support zone Short-term bias looks neutral USDCAD has been facing difficulties in printing new higher highs for more than a week now, shifting to the sidelines to trade around 1.3480. The technical indicators are mirroring the absence of buying interest, with the RSI easing towards its 50 neutral mark and […]
05/08/2024

EURJPY Wave Analysis

EURJPY falling inside accelerated impulse wave c Likely to test support level 158.00 EURJPY currency pair continues to fall inside the accelerated downward impulse wave c of the minor ABC correction 2 from the start of July. The price earlier broke the support zone lying between the support level 162.50 (former monthly low from March) […]
03/05/2024

Weekly Focus – Spring Has Brought a More Muted Euro Area Price Pressure

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