It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
EUR/CHF is trying to return to 1.14
SELL 1.1395; TP1 1.1350; TP2 1.1310; SL 1.1410
On W1, EUR/CHF formed a bearish candlestick with a long upper shadow. The pair failed to close last week above the line connecting October and February highs. Weekly Moving Averages also added to the resistance. At the same time, on D1 the pair got support from the 200-day MA at 1.1350. The euro will likely revisit the 1.14 area where it’s possible to try short positions. If the price manages to overcome the resistance, the next level to watch on the upside will be at 1.1440.
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.
The New Zealand dollar seems to be tipping out against the USD. Will that be another full cascade downwards?
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The Canadian dollar broke out through the 1.40 psychological mark. What’s the reason?
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