The USD made decisive moves mostly with the exotic currencies - let's have a look to prepare for new market entries.
GBP/USD: price consolidating since 'Thorn' formed
There's a 'V-Bottom' pattern, so the pair is likely going to test the closest resistance at 1.3344 - 1.3380 and the 34 Moving Average shortly. Meanwhile, a pullback from these levels could be a starting point for a decline towards the next support at 1.3174 - 1.3125.
The price has been consolidating since the last 'Thorn' pattern was formed. The main intraday target is the 89 Moving Average. If a pullback from this line happens next, there'll be a moment to have a decline in the direction of the last low.
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.