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.
CAD/JPY: there are lower levels
Trade idea
SELL 80.80; TP 80.00; S: 81.00
Japanese yen has broadly strengthened as the demand for it as a safe haven increased. CAD/JPY fell and it looks like it has the potential for further declines: the pair isn’t oversold yet and didn’t reach any major support. Fibonacci tool locates a minor support level at 80.85 (78.6% Fibo of the May-July advance). If the pair slips below this point, it will be vulnerable for the decline to 79.95 (June low). This is in line with the general downtrend. At the same time, if the pair manages to get above 81.20, the next levels to watch will be at 81.60 and 82.00.
Elizabeth Belugina
Similar
Trade setups for AUD/JPY
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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