• Latest
  • Trending
  • All
Euro struggles below three-month highs, yen demand persists

Greenback mostly lower to start the week

June 22, 2020 09:24
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Tuesday, March 28, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Greenback mostly lower to start the week

Greenback mostly lower to start the week

NZDUSD dipped to fresh early-June lows around 0.6380 earlier in the day and bounced aggressively afterwards

by Joseph Deen
June 22, 2020 09:24
in Technical analysis
0
Euro struggles below three-month highs, yen demand persists

EURUSD
EURUSD climbed back above the 1.12 handle that remains in market focus these days. Last week, the common currency suffered decent losses, and the current recovery attempts are looking indecisive so far to bet on further gains in the short term. The immediate resistance arrives around 1.1230 while on the downside, the daily lows arrive at 1.1170. On the four-hour charts, the technical picture is improving but the upside bias is still too modest to bet on a more sustainable rebound to the 1.1250 region where the 100-SMA arrives. 

GBPUSD
GBPUSD plunged to June 1 lows around 1.2335 at the start of the day but managed to stage a strong bounce and entered the positive territory. Since then, the pair has settled around the 1.24 handle after an earlier rejection from the 50-DMA. The pound needs to make this moving average into support so that to challenge the 100-DMA around 1.25 later. This level is the key short-term barrier for bulls, and as long as the prices stay below it, downside risks will likely persist. On the four-hour timeframes, cable is changing hands around the 200-SMA, with the RSI struggling for direction, suggesting there could be some consolidation ahead in the near term. 

USDJPY
USDJPY is little changed on Monday, showing a modest bullish on the intraday timeframes. The pair was trending marginally lower last week and could struggle to stage a sustainable recovery in the days to come, especially as the key moving averages continue to act as resistance levels for the greenback. The immediate upside barrier comes around 107.00. A decisive break above this level could send the dollar to the 107.40 intermediate resistance. However, at this stage, it looks like that the path of least resistance is to the downside.  

NZDUSD
NZDUSD dipped to fresh early-June lows around 0.6380 earlier in the day and bounced aggressively afterwards. The Kiwi climbed above 0.6460 and remains on the offensive, suggesting the 0.65 handle may come back into market focus if the pair manages to cling to the current levels in the short term. In a wider picture, the prices remain well above the key moving averages that act as support levels. Still, the bullish potential is limited as long as the New Zealand dollar stays below the 0.65 handle. Positive bias in the daily RSI is suggesting the pair could retain the upside impetus and challenge the mentioned local highs. 

USDCHF
USDCHF was rejected from local highs around 0.9530 on Friday and turned negative on Monday following two days of gains. The pair has settled around the 0.95 handle and could regain the upside momentum in the near term if this level acts as support. The daily RSI is neutral, suggesting the greenback may spend some time in a consolidation phase before it decides on further direction. On the four-hour timeframes, the pair derives support from the 50-SMA while the RSI is pointing slightly upwards. As such, further downside potential could be limited in the short term. Still, the prices need to make a decisive break above the 0.95 figure to regain the upside impetus. 

Tags: EURUSDGBPUSDNZDUSDUSDCHFUSDJPY
Share2Tweet2
ADVERTISEMENT
Joseph Deen

Joseph Deen

Joseph is a technical analysis expert. A graduate of NYU, Joseph has a master's degree in mathematics. On FWNews, Joseph provides exchange rates reviews and forecasts.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar resists selling pressure

December 20, 2022 10:44
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Markets digest dovish message from Powell

Markets digest dovish message from Powell

August 30, 2021 06:14
20
Federal Reserve’s Robert Kaplan sees no changes in interest rates this year

Federal Reserve’s Robert Kaplan sees no changes in interest rates this year

February 18, 2020 15:30
25
Stocks making recovery attempts, markets remain unstable

Markets indecisive as recession fears persist

June 23, 2022 09:11
16

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews