Recently, in an effort to counteract the prevailing Dash 2 Trade bearish momentum, traders exhibited bullish sentiment around the $0.0052 price level, triggering a brief yet notable price recovery. However, the bullish momentum proved short-lived as the market failed to sustain the upward movement, …
Forex Strategies
NZDUSD Seeks A Breakout As Traders Battle For Strength
Market Analysis - Kiwi Traders are Testing Ground for Breakthrough NZDUSD seeks a breakout as traders battle for strength. The Kiwi (New Zealand Dollar) is currently testing the ground in hopes of a breakthrough. It has been several days, and the market has yet to witness a significant pullback. …
US Dollar Faces Soft Start Amidst Lower Yields and Rate-cut Speculations
The US Dollar faces a soft start amidst lower yields and rate-cut speculations. The US dollar started last week around the 102.100 key zone amid expectations of rate cuts from the Fed in 2024. Traders were closely watching comments from Fed officials like Atlanta President Raphael Bostic for any …