Market updates on June 26

Market updates on June 26

  • Bitcoin is a rocket! During the Asian trading session, the price for Bitcoin jumped above the $11,000 and $12,000 levels. The digital asset nearly reached the $13,000 level. Bulls need to push the BTC above the $12,927 level to continue the surge. The next resistance is placed at $13,177. Bears need to pull the pair to the support at $12,080 to take over the market.
  • During the RBNZ meeting, the central bank kept its interest rate unchanged and said that further easing would be needed to provide support for the economy. The dovish comments pulled the kiwi below the support levels at 0.6626, 0.6615 and made it test the 0.6598 level on H4. However, NZD/USD managed to correct to the upside. At the moment it is trying to stick above the 0.6666 level. If this level is broken, further resistance levels are placed at 0.6681 and 0.6693.
  •  Reportedly, China is going to halt all imports of meat from Canada. The news affected the CAD. The USD/CAD pair has tested the resistance at 1.3193 on H4. The next resistance lies at 1.3227. If this level is broken, bulls will target the resistance at 1.3266. From the downside, the levels are 1.3155, 1.3132 and 1.3116.
  • After the Fed members soften their tone in the speeches, fading the fears of the aggressive rate cuts, the USD was supported. EUR/USD has fallen from 1.1395 to 1.1353 level. If the EUR strengthens back, the resistance levels lie, as follows at 1.1375, 1.1387 and 1.1395. On the other hand, bears will target 1.1353, 1.1344 and 1.1335 levels.

 Key events ahead:

US core durable goods orders - 15:30 MT time.

Similar

Latest news

Gold Rises as Central Banks Buy More
Gold Rises as Central Banks Buy More

About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.

US Evades Default This Time
US Evades Default This Time

Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!

USD Gains Momentum
USD Gains Momentum

The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera