NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

October 12, 2020 at 01:00AM

Recent developments in the RSI indicate a larger recovery for NZD/USD as the oscillator breaks out of the downward trend established in September.

From: David Song
Selected by fonecable.com

Search Web: NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

ADVERTISEMENT

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

ADVERTISEMENT

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

ECB’s Villeroy: Should get back to pre-pandemic levels of activity by year-end 19 October 2021

ECB’s Villeroy: Should get back to pre-pandemic levels of activity by year-end more to come ...

China’s Policy Adviser: PBOC should cut RRR 19 October 2021

Yao Jingyuan, a special researcher at the Counselor’s Office of the State Council said on Tuesday, the People’s Bank of China (PBOC) has room to lower

EUR/USD set to grind higher towards the 1.1746 mark – Commerzbank 19 October 2021

EUR/USD has eroded its accelerated downtrend. Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, expects the pair to head towards

EUR/USD Price Analysis: Has room to rise towards 1.1715 amid bullish technical set up 19 October 2021

EUR/USD is consolidating around 1.1650, having staged an impressive bounce from the daily lows of 1.1610, as the pullback in the US dollar amid the ri

USD/JPY faces some consolidation near term – UOB 19 October 2021

USD/JPY could move into a consolidative phase in the near term ahead of a probable move to 115.00, noted FX Strategists at UOB Group. Key Quotes 24-ho

Natural Gas Futures: Further decline loses traction 19 October 2021

Open interest in natural gas futures markets went down by around 8.7K contracts at the beginning of the week, reaching the second daily drop in a row

Gold Price Forecast: XAU/USD's recovery to face a bumpy road ahead 19 October 2021

Gold price managed to defend the critical rising trendline support at $1765, despite a brief dip below it, as the bulls found fresh bids at the horizo

USD/JPY Price Analysis: RSI divergence halts upside momentum near 114.45 19 October 2021

USD/JPY intensifies the selling downside momentum as the European trading hours begin. The pair remained under pressure since it touched November, 201

NZD/USD faces the next resistance at 0.7130 – UOB 19 October 2021

Further upside in NZD/USD is expected to face the next hurdle at the 0.7130 level in the next weeks, suggested FX Strategists at UOB Group. Key Quotes

Switzerland Imports (MoM) up to 17050M in September from previous 15055M 19 October 2021

Switzerland Imports (MoM) up to 17050M in September from previous 15055M

Switzerland Exports (MoM) increased to 22102M in September from previous 20111M 19 October 2021

Switzerland Exports (MoM) increased to 22102M in September from previous 20111M

Switzerland Trade Balance: 5052M (September) vs previous 5055M 19 October 2021

Switzerland Trade Balance: 5052M (September) vs previous 5055M

Crude Oil Futures: Further gains not ruled out 19 October 2021

According to flash data from CME Group for crude oil futures markets, traders scaled back their open interest positions by around 7.7K contracts on Mo

FX option expiries for October 19 NY cut 19 October 2021

FX option expiries for October 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below. - EUR/USD: EUR amounts 1.1545-55 876m 1.1600 559m 1.1670

GBP/USD now sets sails to 1.3800 and above – UOB 19 October 2021

In opinion of FX Strategists at UOB Group, Cable could edge higher and re-visit 1.3800 ahead of 1.3850 in the short-term horizon. Key Quotes 24-hour v

Gold Futures: Near-term rebound in the offing 19 October 2021

CME Group’s preliminary readings for gold futures markets noted open interest shrank for the second session in a row on Monday, this time by nearly 3K

EUR/USD: Door open to extra gains – UOB 19 October 2021

FX Strategists at UOB Group still remain of the view that EUR/USD could extend the upside momentum in the next weeks. Key Quotes 24-hour view: “We exp

GBP/USD advances toward 1.3780 amid USD pullback, hawkish BOE 19 October 2021

GBP/USD shrugs of the previous session’s dull performance and trades higher on Tuesday. The pair jumped nearly 50-pips after opening lower as the tra

Gold Price Forecast: XAU/USD eyes $1,780 amid recent USD weakness 19 October 2021

Gold edged higher during the Asian session on Tuesday and moved back above the $1,770 level in the last hour. The XAU/USD, for now, seems to have snap

USD/CAD struggles near multi-month lows, depressed below mid-1.2300s 19 October 2021

The USD/CAD pair extended its steady intraday descent through the Asian session and dropped back closer to over three-month lows touched last Friday.

NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

October 12, 2020 at 01:00AM

Recent developments in the RSI indicate a larger recovery for NZD/USD as the oscillator breaks out of the downward trend established in September.

Search Web: NZD/USD Weakness to Abate as RSI Breaks Out of Downward Trend

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

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

Leave a Reply Cancel reply

US Dollar May Weaken Further: USD/SGD, USD/IDR, USD/MYR, USD/PHP

Dollar ticks up on stalled stimulus talk; yuan falls after PBOC move

October 12, 2020 at 01:00AM

Recent developments in the RSI indicate a larger recovery for NZD/USD as the oscillator breaks out of the downward trend established in September.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Leave a Reply Cancel reply

Related Post