NZD/USD: is the correction over?
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: bears in game
Technical levels: support – 0.7280, 0.7220; resistance – 0.7330
Trade recommendations:
- Sell — 0.7330; SL — 0.7350; TP1 — 0.7280; TP2 — 0.7220.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun; the prices returned inside a Cloud and may continue downtrend.
Tatyana Norkina
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It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
How to trade EUR/GBP?
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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