CAD/CHF broke support zone
CAD/CHF broke support zone Next sell target - 0…
AUD/NZD broke support zone
- AUD/NZD broke support zone
- Next sell target - 1.0560
AUD/NZD continues to decline after the earlier breakout of the support zone lying between the support level 1.0650 (which has been reversing the price from February, as can be seen from the daily AUD/NZD chart below) and the 50% Fibonacci correction of the earlier sharp C-wave from the end of January.
AUD/NZD is expected to fall to the next sell target at the next support level 1.0560 (former monthly high from January). Sell stop-loss can be placed above the aforementioned price level 1.0650.
Dmitry Chernovolov
Similar
USD/JPY: 'Morning Star' pattern
The pair is going to test the upper 'Window' shortly. A pullback from this level could be a starting point for another decline...
EUR/USD: 'Doji' formed on the 34 Moving Average
There's no any reversal pattern so far, which means the price is going to continue declining towards the next support area...
Popular
AUD/USD: bulls cant breaking out SSB’s resistance
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.
Morning brief for June 2
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
Highlights of the ECB meeting and press conference.
The European Central Banks left its key interest rates…
Deposit with your local payment systems
