Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
AUD/USD: a bet on the stronger greenback
SELL 0.7050; TO 0.7000; SL 0.7070
How to make a bet on a less dovish Federal Reserve? One of the options is to try selling AUD/USD. The pair’s trading below the weekly pivot point in the 0.7060 area. This area provided support for the pair in February and at the beginning of April. Now it will act as resistance. The decline may target the psychologically important level of 0.70 as well as 0.6950.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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