NZD/USD Analysis: RSI to Show Bearish Momentum Abating

October 05, 2020 at 03:00AM

NZD/USD appears to have reversed coursed ahead of the August low (0.6489), and the RSI may show the bearish momentum abating if it breaks out of the downward trend.

From: David Song
Selected by fonecable.com

Search Web: NZD/USD Analysis: RSI to Show Bearish Momentum Abating

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

About Post Author

fonecable

fonecable@outlook.com

https://fonecable.com

Happy

0 %

Sad

0 %

Excited

0 %

Sleepy

0 %

Angry

0 %

Surprise

0 %

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

DailyFX - Market News David Song Topbanner

FX Street

USD/CHF pulls away from multi-month highs, trades around 0.9330 8 March 2021

The USD/CHF pair gained more than 200 pips last week and preserved its bullish momentum during the first half of the day on Monday. After touching its

EUR/PLN heads back up towards the 2011 and 2020 peaks at 4.5993/4.6460 – Commerzbank 8 March 2021

The EUR/PLN pair retests the five-month resistance line at 4.5975 which short-term caps, above it sit 4.6220/4.6460, per Commerzbank. Key quotes “EUR/

AUD/USD Price Analysis: Bounces off lows, not out of the woods yet 8 March 2021

The AUD/USD pair quickly recovered around 35 pips from daily swing lows and was last seen trading with only modest losses, around the 0.7670 region. T

US Dollar Index Price Analysis: Next on the upside emerges 92.46 8 March 2021

DXY adds to recent gains amidst the unabated buying interest surrounding the dollar and move further north of the 92.00 yardstick on Monday. The conti

EUR/USD: Poised to extend its slump towards the 1.1840 mark 8 March 2021

EUR/USD is under pressure amid rising yields as has broken below the 61.8% retracement of its November/January rally at 1.1885. The pair is bearish in

S&P 500 Forecast: Inflation jitters still weigh on investors minds 8 March 2021

Here is what you need to know on Monday, March 08: Inflation fears haven't gone away despite Friday's remarkable session that saw markets completely t

Gold Price Analysis: XAU/USD path of least resistance is down, $1,673 eyed – Confluence Detector 8 March 2021

The Senate's stimulus approval has been only the latest blow for gold – which is selling off as US bond yields are on the rise. Investors are repricin

USD/CAD Price Analysis: Faces rejection near 1.2700 mark, 50-DMA hurdle 8 March 2021

The USD/CAD pair quickly retreated nearly 50 pips during the early North American session and was last seen trading with modest gains, just above mid-

NZD/USD continues to push lower toward 0.7100 as DXY renews multi-month highs 8 March 2021

The NZD/USD pair posted weekly losses for the second straight time last week and extended its slide on Monday with the greenback preserving its streng

Gold Price News and Forecast: XAU/USD could snowball past its latest 9-month low 8 March 2021

Gold lacked any firm directional bias on Friday and seesawed between tepid gains/minor losses, consolidating its recent losses to nine-month lows. The

Pound Sterling Price News and Forecast: GBP/USD hit the buying opportunity at 1.3820/00 8 March 2021

Back to school day in the UK serves as a battle cry for pound bulls – which are fighting the might of King Dollar. Britain's first stage of reopening

USD/JPY hits fresh nine-month tops, around 108.70 region 8 March 2021

The strong USD buying remained unabated through the mid-European session and pushed the USD/JPY pair to fresh nine-month tops, around the 106.65-70 re

AMC Stock Price and News: Should I buy AMC, Q4 earnings due on Wednesday 8 March 2021

AMC shares stayed calm amid the market furore on Friday as strong jobs report sent indices swinging wildly. Inflation fears initially sent the market

Gold Price Analysis: XAU/USD bearish trend intensifies – OCBC 8 March 2021

Gold (XAU/USD) slumped last week, hurt by the rising Treasury yield environment. Howie Lee, an Economist at OCBC Bank, expects the demand for the yell

GBP/USD consolidates in a range below mid-1.3800s 8 March 2021

The GBP/USD pair extended its sideways consolidative price action through the mid-European session and remained confined in a range below mid-1.3800s.

USD/CAD to drop considerably towards 1.20 in the next weeks – Standard Chartered 8 March 2021

Economists at Standard Chartered expect the USD/CAD downtrend to continue towards 1.20 over the coming weeks. Key quotes “Further USD strength could b

EUR/JPY Price Analysis: Potential consolidation ahead of extra gains 8 March 2021

EUR/JPY keeps correcting lower following last week’s rejection from the 129.60 region, or monthly highs. The firmer note around the greenback weighs o

S&P 500 Index: Resistance at 3852 to cap for a fresh turn lower – Credit Suisse 8 March 2021

The S&P 500 Index is expected to be capped at its 13-day average at 3852 for a fresh turn lower in what analysts at Credit Suisse look to be a potenti

Singapore: Domestic demand could improve in H2 2021 – UOB 8 March 2021

Economist at UOB Group Barnabas Gan reviews the recently published Retail Sales data in Singapore. Key Quotes “Singapore retail sales fell 6.1% y/y (-

Gold Price Analysis: XAU/USD flirts with multi-month lows, below $1690 level 8 March 2021

Gold maintained its offered tone through the mid-European session and was last seen hovering near the lower boundary of its daily trading range, just

NZD/USD Analysis: RSI to Show Bearish Momentum Abating

October 05, 2020 at 03:00AM

NZD/USD appears to have reversed coursed ahead of the August low (0.6489), and the RSI may show the bearish momentum abating if it breaks out of the downward trend.

Search Web: NZD/USD Analysis: RSI to Show Bearish Momentum Abating

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

About Post Author

fonecable

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Dollar treads water as markets await news on Trump’s health

Dollar Down, Investors Seek Updates on Trump’s Health

October 05, 2020 at 03:00AM

NZD/USD appears to have reversed coursed ahead of the August low (0.6489), and the RSI may show the bearish momentum abating if it breaks out of the downward trend.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Average Rating

Leave a Reply Cancel reply

Related Post