Have a look at Apple’s stock
To trade the market sentiment in relation to the US-China trade war, you can bet on the stock of Apple.
AUD/NZD: levels to watch
Trade idea
SELL 1.0665; TP 1.0625; SL 1.0680
Last week, AUD/NZD formed a lower high on the D1 and then stayed below 1.0730/20 (April and May highs) during the following days. The pair is currently testing levels below the 100- and 200-week MAs in the 1.0700 area. On the H4, the picture looks pretty negative with all the key MAs above the price and providing resistance and the 50-period MA moving down to the 200-period MA: if the lines cross, it will e a bearish signal. Such a signal might correspond with the dip below last week’s lows around 1.0670. In this case, the downside target will be at 1.0625 (50-day MA).
Elizabeth Belugina
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Latest news
Have a look at Apple’s stock
To trade the market sentiment in relation to the US-China trade war, you can bet on the stock of Apple.
CAD/JPY: there may be a pattern
CAD/JPY has risen to 82.50 but met the resistance of the 50-day MA. The price action resembles a "Butterfly pattern". Learn more!
CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
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