Wednesday , 22 January 2025
Home Forex NZD/USD Price Analysis: Bulls take charge, still need to conquer 0.6000
Forex

NZD/USD Price Analysis: Bulls take charge, still need to conquer 0.6000

On Tuesday, the NZD/USD pair extended its gains, rising by 0.35% to 0.5960 and the daily chart shows some favorable signs for the bulls, The daily chart shows that the Relative Strength Index (RSI) has climbed to 42, indicating a mounting buying pressure but the fact that it remains below 50 means that the selling pressure still dominates.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

New Zealand inflation data today has pricing for an RBNZ 50bp rate cut at around 67%

Official data for Q4 CPI from New Zealand shows inflation firmly in...

Poll shows 18 out of 19 economists expect a Bank of Japan rate hike on Friday

CNBC conducted the poll, the main points:The Bank of Japan is expected...

Daily Broad Market Recap – January 21, 2025

On Tuesday, the major assets took cues from Trump’s policy headlines, shifting...

Japanese Labor Talks Forecast Big Wage Hikes; BOJ Interest Rate Decision Looms

Japan’s largest business lobby, Keidanren, and trade unions began their annual labor...