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 looking for support on 1.2300
Technical levels: support – 1.2300; resistance – 1.2360, 1.2400.
- Buy — 1.2330; SL — 1.2310; TP1 — 1.2440; TP2 — 1.2470;
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market had returned into the cloudy area and looking for the support to continue uptrend.
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.
The USD made some decisive moves against some currencies - in some cases, it makes sense to prepare new market entries.
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