Big moves may be triggered by the meeting of the Reserve Bank of New Zealand early on Wednesday.
Daily Market Analysis
GBP/CHF found resistance in the 1.3100 area (resistance line connecting July and November highs).
USD/TRY has been trying to recover since the end of January.
EUR/JPY spent more than a month correcting up after its spike down made at the start of January.
USD/CAD found support at the 2018 trendline and the 50-week MA in the 1.3080 area.
XAU/USD keeps declining after it failed to break above 78.6% Fibonacci retracement in the 1321 area.
GBP/JPY will remain under negative pressure as long as it’s trading below the weekly pivot point at 143.30.
If you want to make a bet on the positive risk sentiment, you can consider buying CAD/JPY.
EUR/NZD tends to move in steep trends. Currently, it’s in the phase of decline.
AUD/USD has met the resistance of the 200-day MA at 0.73.
USD/CAD has reached the target at 1.3115 we’ve given earlier this week.
XAU/USD retraced 78.6% Fibonacci of April-August decline.