NZD/USD Price Analysis: Bearish overtones persist, bullish hints emerge on the horizon
The NZD/USD pair is trading at 0.6013, indicating a drop of 0.26% in Friday's session but will close a winning week.
The NZD/USD pair is trading at 0.6013, indicating a drop of 0.26% in Friday's session but will close a winning week.
The EUR/JPY pair is currently exchanging hands at 164.24, registering a minor gain of 0.16%.
The Euro registers minimal losses of 0.13% following the release of a stronger-than-expected jobs report from the United States (US) that boosted the Greenback, sending the EUR/USD lower.
The USD/CAD pair prints a fresh four-month high at 1.3640 in Friday’s early American session.
GBP/USD has just bounced off the bottom of a medium-term consolidation range after forming a Tweezer Bottom Japanese candlestick pattern.
West Texas Intermediate (WTI), futures on NYMEX, consolidate in a tight range around $86.80 in the European session on Friday.
AUD/USD has been falling in a descending channel since the March 8 high at 0.6667.
EUR/JPY has recovered its intraday losses to move into positive territory, inching higher to near 164.10 during the European trading hours on Friday.
The EUR/GBP cross prolongs this week's goodish bounce from the 0.8530 support area for the fifth straight day and climbs to a one-and-half-week high during the first half of the European session.
USD/CHF advances to near 0.9030 during the early European hours on Friday, which could be attributed to the recovery of the US Dollar (USD).