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 next resistance
There's a 'Double Bottom', so the market is likely going to test the next resistance at 1.3203 - 1.3253. However, if we have a pullback from this level, we're likely going to have a bearish correction towards another support at 1.3143 - 1.3101.
The price is going to test the 89 Moving Average soon on the one-hour chart. A pullback from this line could be a starting point for a local decline. Even so, we should keep an eye on the nearest resistance at 1.3177 - 1.3213 as a bullish target.
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.