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NZDUSD(4HR)
The kiwi dollar traded near $0.5856 after falling by 0.9% to $0.5840 overnight, ending a fortnight of gains with a week-on-week fall of 0.4%. The kiwi was buoyed by positive inflation figures and hopes for a possible interest rate hike in coming weeks.
Resistance can be found near $0.5900 and $0.5930, with the trend line and EMAs serving as near-term support.
AUDUSD(4HR)
The Australian Dollar remained stable at $0.7130 despite falling 0.5% during the night session to its lowest level of $0.7110 amid a retreat in global stocks from their recent highs. Having gained to a new four-year high of $0.7222 last Friday, the pair is likely to end the week lower by about 0.5%.
Key resistance for AUDUSD sits near the March 11 high around 0.7200, while supports are nearer 0.7135 and 0.7100 from 50 and 100 EMA
BTCUSD 4 HOUR
While bulls remain in control, the high below 80K has caused a pause.
For 80K to come under attack, 78K needs to become support.
For momentuym to build to the downside, 76942 would need to be broken.
On the downside, the level bulls do not want to see trade s 74900 (suggests 75K) as below it would negate the last leg up
This has seen US bond yields slip and may be weighing on the USD. It would open the door to Fed Chair Powell leaving the Board when his term expires next month.
U of M final coinsumer sentiment beats… inflation expectations mixed…no reaction
Refutes earlier story but not much reaction as it is hard to trust these headlines
US PRE-MARKET MOVERS: INTC/semi’s, CHTR, PG, HIG, PFG, DLR, EW, BYD
ES +0.4% NQ +1.3% RTY +0.4%
Recent risk-on seen amid reports Pakistan could announce resumption of US/Iran talks toda
<p style=”text-align: center;”>Source: Try Newsquawk free for 7 days</p>FX option expiries for 24 April 10am New York cut
EUR/USD at the 1.1650 level.
The dollar has been a little firmer in the past few sessions but not really pushing gains all too much as the risk mood holds steadier today. That after the retreat in US trading, with yet another day of stalled plans for negotiations between the US and Iran.
In the case of EUR/USD, the pair is also continuing to keep around the 200-day moving average at 1.1674 and that is the bigger technical level in play currently. Buyers are holding the line so as to not give up technical control to sellers but the pressure is definitely building as the US-Iran conflict drags on.
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