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US Dollar Forecast: Sinking Despite Rising Inflation - Levels for DXY Index, USD/JPY
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  • RT @FxWestwater: New Zealand Dollar Forecast: $NZDUSD Unscathed as #RBNZ Holds Course Link: https://www.dailyfx.com/forex/market_alert/2021/04/14/New-Zealand-Dollar-Forecast-NZDUSD-Unscathed-as-RBNZ-Holds-Course.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Westwater&utm_campaign=twr https://t.co/5Qh0nRIKDa
  • The Euro has regained lost ground against its major counterparts recently. Are further gains in the offing or is this just a short-term countertrend correction? EUR/USD, EUR/JPY, EUR/GBP, EUR/NZD key levels. Get your market update from @DanielGMoss here:https://t.co/BK1ezTva9R https://t.co/JcrxdRvyaX
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  • $NZDUSD just a touch lower after the #RBNZ rate announcement after policy settings were left unchanged https://t.co/i2BolXsSrE https://t.co/dxWNxNJ076
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  • RBNZ: Meeting requirements will take time and patience, assessments of remit change to be included in May FSR -BBG
  • RBNZ: Prepared to lower rate if required, will maintain stimulatory settings until CPI at midpoint -BBG
  • RBNZ maintains benchmark interest rate at 0.25% and bond purchase program at NZD100b -BBG $NZDUSD #NZD
British Pound Trades into November Congestion Zone

British Pound Trades into November Congestion Zone

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Trades into November Congestion Zone

Prepared by Jamie Saettele, CMT

Today’s GBPUSD range was the largest since the 1/13 low and price has reached the November pivots at 15868/88. A drop below 15706 is needed in order to trigger a deeper setback of the incredible run from the January low. Short term support is 15790 and additional strength targets the 200 day average at 15955 and 50% retracement of the decline from the 2011 top at 15989.

Bottom Line – flat

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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