GBPUSD pushes higher
Cable moved higher as the US Dollar sell-off continued across the board. From the chart’s perspective, the bias remains bullish as the pair aims to close above 1.3600. As momentum becomes slightly exhaustive after hitting a recent double top, a drop below 1.3530 could lead intraday buyers to bail out. However, a limited retreat could be an opportunity for bulls to buy low. 1.3400 is a critical floor to keep the current momentum intact as the RSI remains in overbought territory.
NZDUSD begins correcting
The Kiwi fell from its recent peak as prices hit a failure swing. The pair is looking to hold on to its gains after a tentative break above the psychological level of 0.6000. While sentiment might have turned bearish, the rally could be running out of steam, with a potential divergence on the RSI indicating a loss of momentum. A break below the immediate support of 0.5960 would force some traders to bail out and trigger a correction. 0.6050 is the next level for buyers to remain interested.
Nasdaq (NSDQ) attempting to push higher
The Nasdaq (NSDQ) took a step back as potential tariffs placed on the EU by the White House remain uncertain. On the chart, the index attempts to grind its way higher, which indicates that the bullish bias is still intact despite some uncertainty. Buyers have been eager to step in at pullbacks, resulting in fresh highs. After a break above 21000, 20700 has become a support level. A close above the intermediate level of 21600 would signal another move to a fresh high.
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