The AUDNZD pair tumbled and briefly broke below 1.08 after the RBNZ's policy decision.
The bank cut rates by 0.25% and lowered the near-term OCR projections broadly in line with market expectations.
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- NZD/USD Daily - Price has printed multiple rejections of the 0.6000 zone over April and May 2025 whilst at the same time finding support at 0.5900. Finally the market has seen a close below 0.5900 after printing a bearish engulfing candle. We may see a further move lower.
- #XAGUSD found strong buying at $29.00 At $33.50 we saw price exhaustion and a correction start to form. Look for price to break to the upside and give a buy signal which meets your strategy rules. Always trade with a profitable strategy and good risk management. #forextrader
- All eyes on today's US jobless claims! Last week saw cycle highs in both initial & continued claims. Markets shrugged it off, but if initial claims jump above 260K (consensus: 230K) and continued claims keep climbing (consensus: 1.886M), alarm bells might start ringing. The
- EUR/USD Daily Price found a bottom around mid May and now printing higher highs and lows. Whilst price is above the trendline, the sentiment is bullish with a possible target of 1.1530 which was previous resistance in April. #eurusd #trading #forextrader
- Have you ever heard of a lovely trend indicator called the Williams Alligator? Check this out. #forexeducation #tradingindicator #forexindicator
- Check out todays educational post on a bearish reversal pattern called a Bearish Belt Hold. #learntotrade #forexpatterns #learnforex #forexstrategy
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- Check todays educational post on a lovely bullish reversal pattern called a Bullish Belt Hold. #forex #learntotrade #forexmarkets
- XAG/USD H4 With 3 previous rejections of $32.80 over the back end of May, we saw a glimpse of a 4th at the close of play last Friday. There is a potential for buys if you agree with this analysis and it meets your strategy rules. #xagusd #silver #silvertrader #trader
