The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
GBP/USD: market to test the nearest support
There's a 'V-Top' pattern, so the market reached the nearest support at 1.2839. Meanwhile, it's likely that the pair is going to test the next support at 1.2814 in the coming hours. If a pullback from this level happens next, there'll be a moment for a bullish price movement towards 1.2946 - 1.2957.
The 89 Moving Average has acted as support, so the price is consolidating. Also, there's a 'Pennant' pattern, so it's likely that the market is going to achieve another support at 1.2831 - 1.2818 shortly. The subsequent pullback from this area could be a starting point for an advance in the direction of the previously tested resistance at 1.2930 - 1.2967.
A great chance to make profit on stocks! Investors are inspired by economic reopening and optimistic vaccine news.
On May 27, the longtime cable TV provider AT&T will launch HBO Max – a new streaming platform. How will it affect the price of AT&T?
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.