Towards the end of August, D2TUSD witnessed a shift in market sentiment as the price slipped below the $0.008 price level, signaling the end of the recent bull market. The Bulls attempted to regain control, but their efforts were thwarted as they struggled to breach the $0.007 resistance. This …
Forex Strategies
NZDUSD Climbs Above 0.5900 Market Level as the USD Weakens
NZDUSD climbs above the 0.5900 market level as the USD weakens. The NZDUSD pair rose above the 0.5900 market level on Monday. Whereas the US dollar (USD) lost some footing amid lower US Treasury bond yields and a lack of major monetary data from the US. n The New Zealand dollar (NZD) found some …
EURUSD Bleeds Through the 1.07660 Significant Zone
EURUSD Analysis - Sellers Could Extend More Losses EURUSD bleeds through the 1.07660 significant zone. The EURUSD pair has been in a downtrend since the middle of July. Since then, the pair has lost more than 11% of its value. As a result, it has broken through several key support levels along the …
