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: AUD is strong again
BUY 0.7195 SL 0.714 TP1 0.7295 TP2 0.7325 TP3 0.748
BUY 0.716 SL 0.7105 TP1 0.726 TP2 0.7325 TP3 0.748
On the daily chart of AUD/USD, after the pair reached the 88.6% target of the "Shark" pattern, a logical pullback happened. Bulls need to break the November high and break the resistance at 0.7325 (61.8% of the longterm upward wave).
On H1, there is a transformation of the "Shark" pattern to 5-0. Pullbacks to 23.6%, 38.2% and 50% of the CD wave usually used to buy.
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.
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?