NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
CHF/JPY falling minor impulse wave 1
- CHF/JPY falling minor impulse wave 1
- Next sell target - 115.00
CHF/JPY continues to fall inside the minor impulse wave 1, which belongs to the intermediate impulse wave (C) from the start of February. The price earlier reversed down sharply from the powerful resistance zone lying between the major resistance level 118.50 (which also reversed the previous sharp uptrend in the middle of July) and the upper daily Bollinger Band. CHF/JPY is expected to fall further toward the next sell target at the next support level 115.00 (target price for the completion of the active impulse wave 1).
Dmitry Chernovolov
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Morning brief for May 30
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
CHF/JPY broke powerful resistance level 115.15
CHF/JPY broke powerful resistance level 115…
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