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nzd/usd-declines-on-dovish-rbnz-stance

28 Mar: NZD/USD declines on dovish RBNZ stance

RBNZ Governor Orr was seen dovish, which seems to be applying pressure to the NZD. GDP and Initial Jobless Claims cushion the USD. Weak Chicago PMI figures limit the upside. Markets adjusted their expectations for a June rate cut which also adds strength to the USD. The NZD/USD is currently traded at 0.5977, reflecting a decrease

eur/usd-mid-day-outlook

28 Mar: EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0826; (R1) 1.0841; More… EUR/USD’s fall from 1.0980 resumed by breaking through temporary low. Intraday bias is back on the downside for 1.0694 support first. Break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. Nevertheless, break of 1.0863

eur/usd-day-by-day-outlook

28 Mar: EUR/USD Day by day Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0826; (R1) 1.0841; More… Intraday bias in EUR/SD remains neutral a this point. Risk will stay on the downside as long as 55 4H EMA (now at 1.0848) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume the decline from 1.1138 and