NZDUSD Analysis - The 0.67120 Demand Zone Is Likely to Turn Into a Support Zone NZDUSD demand zone is likely to turn into a supply zone at 0.67120. The dollar has gained more strength, and this has caused more bearishness in the market. The Moving Average period 9, and the Moving Average period 21 …
Money management
EURUSD Is Dropping Towards Confluence Zone
EURUSD Analysis - Price Is Dropping Towards the Confluence Zone Around 1.09900 EURUSD is dropping towards the confluence zone around 1.09900. This is despite the best efforts of the buyers to divert the market back upwards earlier than expected. As a result, the price was blocked from falling at …
The Reserve Bank of Australia Is Pondering Setting a New Cash Rate Policy
The Reserve Bank of Australia is pondering the surge in inflation and the increase in the rate of unemployment to readjust its position on the interest rate outlook at its forthcoming meeting for this year, which is to be held tomorrow.There is apprehension in the financial markets about a cash rate …