Loonie has been trading in a corrective phase across the board with an ongoing consolidation below the 50 SMA at H1 chart…
Daily Market Analysis
EUR/AUD broke resistance level 1…
AUD/NZD broke key support level 1…
The market is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards...
It's likely that after a short break the pair is going to reach the 144 Moving Average...
The market is likely going to test the nearest support at 1.4144. However, if we see a pullback...
The pair is likely going to test the closest support at 1.2412 in the coming hours. If a pullback from this level happens...
NZD/JPY reversed from support zone Next buy target - 77…
EUR/JPY reversed from support area Next buy target - 132…
USD/JPY is looking for clues that help to strengthen the bulls in the short-term, as the pair scopes to make a corrective move in favor of such bias…
Bulls are likely going to test the Moving Averages. If a pullback from these lines happens little later on...
The pair is likely going to reach the upper "Window" in the coming hours...