4 Global Market Updates- 28 October, 2022

In this article, we have covered the highlights of global market news about the NZD/USD, USD/JPY, GBP/USD and USD/CHF.

NZD/USD Price Analysis: Thursday’s Doji teases sellers beyond 0.5800

Following a fall from the monthly peak, NZD/USD remains protective above 0.5800, moving to 0.5830 during the Asian session on Friday. As a result, the Kiwi pair finds it challenging to explain the previous day’s bearish Doji candlestick and its inability to break over the 50-DMA barrier.

Though it should be observed that the RSI (14) is rising steadily without approaching the overbought zone, the sellers are in for a difficult battle.

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