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When is the RBNZ and how it could affect NZD/USD?
NZD/USD wavers around mid-0.6300s, pausing a three-day downtrend ahead of the RBNZ rate hike decision. Kiwi buyers brace for the 0.50% rate increase amid a sluggish Asian session on Wednesday. Next of relevance remains the Fed minutes.
AUD/USD struggles above 0.7000 as traders await Aussie Wage Price Index, FOMC Minutes
AUD/USD portrays the market’s anxiety as it seesaws around 0.7020 ahead of the key Australia wage price data and the FOMC meeting minutes on early Wednesday in Asia. The risk barometer pair dropped during the last two days amid recession.
Gold stays pressured towards $1,755 ahead of Fed Minutes
Gold price prints a three-day downtrend as it grinds lower around $1,775 during the initial hours of Wednesday’s Asian session. In doing so, the precious metal fades the late Tuesday’s bounce off $1,772 as traders turn cautious ahead of today’s key FOMC meeting minutes.
Solana: How high can the X-wave rally?
Solana price has fallen into a supportive level on the Relative Strength Index on larger time frames. Solana price could rally an additional 80% under conservative macro conditions. Invalidation of the uptrend scenario is a breach of the low at $25.78.
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