Category: Resistance
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The RBNZ rate decision sent the NZDUSD higher into swing area resistance. What next?
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The Reserve Bank of New Zealand kept interest rates unchanged but raised its forecasts for future interest rates. This was more stringent and sent the NZD/USD pair higher. But after reaching the swing zone resistance between 0.6148 and 0.6159, buyers turned to sellers. It was believed that Governor Orr’s comments…
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FX Watch: EUR/NZD’s Resistance Area Ahead of RBNZ’s Policy Decision
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EUR/NZD is approaching the technical resistance area! Will the pair continue its downward trend this week? Or will the RBNZ policy decision inspire a bullish breakout for its Kiwi counterpart? While we did not see market catalysts yesterday, commodity-related currencies such as the New Zealand dollar fell against their counterparts…
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Solana Blasts Past Resistance: Buckle Up for $330
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Solana (SOL) is riding a wave of investor confidence, with its price steadily moving toward uncharted territory. This uptrend has analysts looking to their charts and telescopes, anticipating a potential price explosion that could push SOL to its all-time high (ATH) and beyond. However, amid the excitement, some experts are…
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Bitcoin Breakout From Major Resistance Levels Signals Bullish Momentum
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Bitcoin Which had been moving lower for a while, has now managed to break above the previous resistance level of $67,303.98 and has been showing signs of a potential rally since then. At the time of writing, BTC price is up 0.04%, and is currently trading at around $67,303.98. BTC…
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Chart Art: Gold (XAU/USD) Aiming for Next Resistance?
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The precious metal is testing an area of long-term interest and may consider moving higher! Could it hit the next ceiling at $2,400 from here? Take a look at the inflection points I’m watching for gold: Gold (XAU/USD) 1 hour Chart by TradingView Weaker-than-expected US jobless claims led to a…
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AUDUSD Technical Analysis – The pair is at a key resistance ahead of the RBA
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The US dollar weakened across the board last week due to a more pessimistic-than-expected FOMC decision, as the Fed decided to signal a further tapering of the QT period starting in June, and Fed Chair Powell also repeatedly backtracked on interest rate hike expectations. . Furthermore, data released on Friday…
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Bitcoin Price Rejects Key Resistance, Time For Another Drop In BTC?
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Bitcoin price started to rise steadily above the $62,500 resistance level. BTC is once again struggling to clear the $64,500 and $65,000 resistance levels. Bitcoin is showing positive signs and is facing hurdles near $64,500. The price is trading above $62,500 and the 100 hourly simple moving average. There is…
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Oil adds to week’s sharp loss as rollover of OPEC output cuts may meet resistance
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Slavko Sereda/iStock via Getty Images Oil prices recorded their biggest weekly loss in three months, as the market, already concerned about weak demand, dealt with growing speculation that an OPEC meeting in June could expose cracks in the alliance, with the United Arab Emirates saying it would… Increasing production capacity.…