Share: NZD/USD takes offers to refresh yearly low during eight-day downtrend. Oversold RSI, key technical levels can challenge Kiwi bears. Corrective bounce can aim for May’s bottom but remains elusive below 0.6045. NZD/USD bears keep the reins for the eighth consecutive day as they refresh the yearly low to 0.5902 amid early Thursday.
Share: AUD/USD picks up bids to refresh intraday high, reverses from YTD low. Mixed RBA Minutes, softer Aussie wage growth and downbeat China data prod Aussie bulls but US Dollar’s retreat favor recovery. Oversold RSI challenges Aussie bears beyond 0.6460-55 support zone. Multiple hurdles stand tall to test upside; 0.6600 appears the key
Share: EUR/USD remains sidelined after reversing Friday’s corrective bounce off three-week low the previous day. Upbeat Eurozone data jostles with fresh challenges to risk to test Euro bears. Final readings of Germany’s HCOB Manufacturing PMI, US S&P Global PMIs and ISM Manufacturing PMI for July will be in focus. Retreat in hawkish Fed
