Levels to trade AUD/USD
After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
GBP/USD: levels to trade
BUY 1.3020; TP1 1.3100; TP2 1.3165; SL 1.2995
GBP/USD regained some ground on the weakness of the USD and the optimism about Brexit. The pair made a big leap up yesterday and broke 200-day MA (1.30). However, the pair had already tested levels above this line not long ago but ultimately returned lower. Daily MAs are below the price and almost horizontal. In the short term, the pound will likely correct back to 1.30.
A break below 1.30 may provoke a slide to 1.2940/00. Still, for now, support looks stronger, so we see that it’s possible to bet on another attempt to test the 50-week MA at 1.3165.
Elizabeth Belugina
Similar
GBP/USD: outlook remains bearish
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY turned down
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
Latest news
OIL: lying low
Are we going to see even cheaper oil? Possible. Read the article to have an idea.
STOCKS: something is coming
Unprecedented rise after unprecedented fall. Where does it all go?
GOLD: back to indifference
Is gold predictable now, at all? Let's consider some facts and observations.
Deposit with your local payment systems
