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​Technical Analysis: NZDUSD stays below 61.8% Fibonacci, inside ascending channel after NZ Q1 employment data

Although upbeat prints of New Zealand's first quarter (Q1) employment figures please NZD/USD buyers, 61.8% Fibonacci retracement of the pair's March month fall restricts the kiwi pair's immediate upsi

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Technical Analysis: Multiple bottoms around 0.9590/85 keeps USDCHF buyers hopeful

With a five-week-old horizontal area restricting the USDCHF downside, the pair pops up on the buyers' radars. In doing so, a 200-bar SMA level of 0.9705 becomes the first levels to aim while 23.6% Fib

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Technical Analysis: 0.6250 back on AUDUSD sellers’ radars amid risk-off

In addition to breaking a month-old rising trend line, AUDUSD also trades below the mid-April top, which in turn suggests the pair's further weakening towards April 21 low near 0.6250. However, 0.6350

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​Technical Analysis: GBPUSD traders should be mindful of 1.2640/50 resistance area

GBPUSD registers another pullback from the key 1.2640/50 horizontal resistance, amid nearly overbought RSI, which in turn suggests the pair's drop to 61.8% Fibonacci retracement near 1.2515. Though, t

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​Technical Analysis: EURUSD struggles to keep monthly trendline breakout on ECB day

With the 21-day EMA continues to challenge EURUSD buyers, the pair's break of monthly trend line fails to post any gains ahead of the key ECB meeting. While the European Central Bank (ECB) isn't expec

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