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​Technical Analysis: NZDUSD justifies Monday's bullish spinning top to target 10-day SMA

NZDUSD sustains the recovery gains portrayed by Monday's bullish candlestick formation while oversold RSI adds strength to the odds favoring the pair's pullback. As a result, buyers can target 10-day

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​Technical Analysis: 200-bar SMA, fortnight-old rising trendline question USDJPY sellers

USDJPY fails to hold onto recovery gains that, together with overbought RSI conditions, signal the pair's likely drop to the short-term rising trend line and 200-bar SMA around 108.75 and 108.55 respe

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Technical Analysis: EURUSD struggles to extend the dip below 28-month-old support line

Having slumped to the lowest in three years, EURUSD seems to pare losses while bouncing off the multi-month-old support line. The pullback can recall 1.0970 immediate resistance ahead of challenging t

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​Technical Analysis: AUDUSD flashes fresh 17-year low after RBA's rate cut, QE

Following the RBA's 25 basis point rate cut and bond purchase target, mostly known as the quantitative easing (QE), AUD/USD dropped to the fresh low since late-2002. The reason could also be traced fr

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Technical Analysis: USDCAD takes rounds to three-year high ahead of Canadian CPI

Following its sustained break beyond 23.6% Fibonacci retracement of a sharp rise during 2015, the USDCAD seesaws near three-year high ahead of the key Canadian inflation data. While overbought RSI rai

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