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.
Levels to trade EUR/USD
BUY 1.1420; TP 1.1450; SL 1.1405
SELL 1.1380; TP1 1.1350; TP2 1.1315; SL 1.1400
EUR/USD met resistance in the 1.1415 area. The pair’s advance in the recent days was quite rapid, so it might be hard for the euro to retain the bullish momentum. The return below the 50-week MA (1.1387) will open the way down to 1.1350 (200-day MA) and 1.1315. Below this level, the next area to watch will be at 1.1260 (100-day MA). The advance above 1.1420 is needed to open the way up to 1.1450 and 1.15. Much will depend on comments of the Fed’s Chair Powell pater today.
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.
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