NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
AUD/CAD broke above parity
- AUD/CAD broke above parity
- Next buy target - 1.0100
AUD/CAD continues to rise after the recent breakout of the resistance zone lying between the parity and the 38.2% Fibonacci correction of the previous intermediate ABC correction (2) from the start of May. The breakout of this resistance zone should accelerate the active intermediate impulse wave (3) – which started earlier from the support zone lying between the support level 0.9800 and the support trendline of the daily down channel from May. AUD/CAD is expected to rise to the next buy target at the next resistance level 1.0100.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…