Monthly Archives: May 2018

NZD/USD catches fresh bids, re-attempts 0.6950 on broad USD selling

Having found fresh buyers once again near the 0.6920 region, the NZD/USD pair made another attempt to regain the 0.6950 barrier, helped by the extension of the losses in the US dollar across its main competitors.

The broad-based selling in the US dollar is mainly driven by a sold rebound staged b…

Weekly Forex Forecast (May 28 – June 1, 2018)

I wanted to show a “zoomed out” view of the EURUSD today to appreciate just how far sellers have taken the single currency in recent weeks.

You may recall my commentary from April 20. That was the day that Euro bears began to take back control by closing the pair below the April 2017 trend line. …

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