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: euro in consolidation
Technical levels: support – 1.1545; resistance – 1.1620.
- Sell — 1.1620; SL — 1.1640; TP1 — 1.1545; TP2 – 1.1510
Reason: bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are in consolidation movement in the negative zone and market is oversold.
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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