NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
EUR/CAD reversed from key resistance level 1.5200
- EUR/CAD reversed from key resistance level 1.5200
- Next sell target - 1.5000
EUR/CAD recently reversed down from the key resistance level 1.5200 (which also stopped the previous primary ABC correction ② in November, as can be seen from the daily EUR/CAD chart below). The resistance zone near the resistance level 1.5200 is strengthened by the upper daily Bollinger Band. Given the strength of the resistance level 1.5200 and the clear bearish divergence on the daily Stochastic indicator - EUR/CAD is expected to fall to the next sell target at the round support level 1.5000.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…