Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
EUR/USD: a “hammer”
BUY 1.1130; TP 1.1180; SL 1.1120
EUR/USD formed a “hammer” candlestick on W1. Despite the fact that it fell as low as to 1.1025, it still managed to close the week above 1.11. As a result, a minor retracement to the upside is possible. A rise above 1.1127 would open the way up to the resistance between 1.1180 and 1.1210.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
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.
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