EUR/NZD made a top in June and went down going through the 50-day MA (1.7035) and the support line from March lows.
Daily Market Analysis
USD/ZAR has recently breached down the support line from February lows.
The pair will be affected on the intraday basis by British Inflation Report hearings and US durable goods orders.
Technical analysis of NZD/CHF
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum.
After its extensive decline last week, the USD can make a small comeback.
NZD/CHF is trading within a downtrend on D1. The currency pair went below 78.6% at 0.6450 and is likely to test levels around 0.6390/70.
EUR/GBP formed a candlestick with a long upper wick on W1. Daily Awesome Oscillator is going down.
The upcoming days are going to contain lots of important economic events. Let’s go through them together in order to prepare for profitable trading.
On H4 of AUD/NZD, the pair has been moving to the resistance at 1.0538.
CAD/JPY formed a “shooting star” candlestick on D1. This means that the pair will likely move down in line with the overall downtrend.
Have a look at the chart of EUR/AUD. There’s a bearish divergence between the price and the Awesome Oscillator on D1.