Technicals

Add as a preferred source on Google

NZD/USD downside risks up as RSIs biased down

NZD/USD bears gaining an edge as three tries to clear 0.7750 fail in April & early May Downside risks up as RSIs biased down & break below daily cloud NZ Q1 jobs data the risk later, Unemployment rate forecast to improve…

1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • NZD/USD bears gaining an edge as three tries to clear 0.7750 fail in April & early May

  • Downside risks up as RSIs biased down & break below daily cloud  

  • NZ Q1 jobs data the risk later, Unemployment rate forecast to improve, if not NZD gets hit

  • RBA another risk, if cut seen NZD likely gets hit in sympathy with AUD

  • If those events align could see sub-0.7400 in short order

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560