NZD/USD Technical Analysis: Kiwi slumps into 0.69, bullish opportunities are looking thin

  • Kiwi fails to develop a bounce from Tuesday's decline, hourly indicators are heading higher with little bullish momentum.
  • Economic calendar is fairly clear for Wednesday.
  • Overall market sentiment remains hesitant amidst trade war tensions.

NZD/USD Chart, 1-Hour

Spot rate:            0.6898
Relative change: Negligible
High:                   0.6900
Low:                    0.6888

Trend:                 Bearish

Support 1:           0.6884 (current week low) 
Support 2:           0.6850 (May bottom)
Support 3:           0.6771 (S3 1-week pivot)

Resistance 1:      0.6949 (38.2% Fibo retracement leve)
Resistance 2:      0.6980 (61.8% Fibo retracement level)
Resistance 3:      0.7060 (May high)

AUD/USD Technical Analysis: Aussie catches a half-hearted bounce from Tuesday's low

AUD/USD Chart, 1-Hour Spot rate:            0.7381 Relative change: 0.17% High:                   0.7382 Low:                    0.7368 Trend: 
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FX Today: Risk aversion the flavor of the week once again

Tariffs rough up global markets Risk aversion became the name of the game once again for Tuesday, with risk assets across the board declining against
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