What happened? It looks like the decline in EUR/CHF to 1…
NZD/CHF broke pivotal resistance level 0.7030
2019-11-11 • Updated
- NZD/CHF broke pivotal resistance level 0.7030
- Next buy target - 0.7090
NZD/CHF recently broke the pivotal resistance level 0.7030 (which reversed the price at the start of April, as can be seen below). The breakout of the resistance level 0.7030 accelerated the active minor impulse wave (iii), which belongs to wave C from the start of February. NZD/CHF is expected to rise further toward the next buy target at the next resistance level 0.7090 (top of the previous impulse wave A).
The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.