NZD/USD slides to four-month lows, around 0.6975 region

NZD/USD slides to four-month lows, around 0.6975 region

2021-03-23

  NZD/USD continued losing ground on Wednesday and dropped to fresh multi-month lows. The NZ government’s overnight announcement to curb housing prices weighed on the kiwi. The risk-off mood benefitted the safe-haven USD and contributed to the ongoing downfall. The NZD/USD pair remained depressed through the Asian session on WednesdayRead More →

Clings to gains near 200-hour SMA, around 105.35-40 region

Clings to gains near 200-hour SMA, around 105.35-40 region

2021-02-23

  USD/JPY staged a goodish rebound from sub-105.00 levels amid resurgent USD demand. The set-up favours bullish traders and supports prospects for additional near-term gains. A move towards the 105.70 region, en-route the 106.00 mark, looks a distinct possibility. The USD/JPY pair showed some resilience below the key 105.00 psychologicalRead More →