NZD/USD Rate Rebound Pulls RSI Out of Oversold Territory
NZD/USD extends the rebound from a fresh yearly low (0.6737) to pull the Relative Strength Index (RSI) out of oversold territory.
NZD/USD extends the rebound from a fresh yearly low (0.6737) to pull the Relative Strength Index (RSI) out of oversold territory.
Recent Swiss Franc strength has multiple crosses at key technical points. These are the setups for GBP/CHF. CHF/JPY and NZD/CHF.
Gold prices broke through the bear flag but didn’t get much run thereafter. Is a bullish engulf from Friday pointing to a greater pullback in the bearish theme?
S&P 500 rises for third straight day but loses some steam, while travel stocks soar on news that three doses of Pfizer and BioNTech’s vaccine protect against the omicron variant.
The price of oil may stage a larger recovery over the coming days as it clears the opening range for December after defending the August low ($61.74).
Market pricing has shifted after the final BOC and RBA rate decisions of 2021.
WTI nudged higher today as risk sentiment generally improved and the US Dollar lost ground to commodities. Have we seen the low in crude for now?
BoC maintains view on economic slack assessment, CAD pulls back
Euro traders have plenty to look at currently, aside from Omicron cases, with politics and central bank decisions foremost.
Canadian Dollar Reaction Dependent on BoC’s Economic Slack Absortion Assessment