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: another swing to the downside?
SELL 1.1240; TP 1.1200; SL 1.1265
EUR/USD will remain under negative pressure as long as it stays below the weekly pivot point at 1.1262. The pair broke below the support of the short-term uptrend last week forming a flag within the overall negative long-term tendency. Although the bearish momentum isn’t strong, the pair will likely test lover levels in the 1.1215/00 area.
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.
While biotech companies are struggling to find the vaccine, investors make bets who’ll win this race.
There are many things happening in the UK. What is the strategic outlook for the GBP?
The Australian dollar set a strong upward trend over a month. Will AUD loose its gains soon?