EUR/NZD looking to post fresh highs

EUR/NZD looking to post fresh highs

The rally seen in the EUR/NZD pair is a proof that a bullish consolidation is in place for the short-term. From the 1.7011 level, the pair has started a retracement that it’s easing the overbought levels shown during the last few days. Now, it’s on the way to test the Fibonacci level of 50% at 1.6828, where it could gather enough momentum in order to go towards the -23.6% Fibo zone at 1.7098. A breakout below the 65% level could expose the 1.6644 level.

RSI indicator remains in the negative territory.



GBP/CAD targeting lower levels

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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