NZD/JPY: a buy signal already ongoing?

NZD/JPY: a buy signal already ongoing?

NZD/JPY is challenging a demand zone between the 80.96 and 80.43 levels and looks forward to reach new highs in the short-term. However, we shouldn’t forget that the pair has already made a bearish crossover of moving averages, but once it manages to break above the 23.6% Fibo level, we can expect a continuation towards the -23.6% Fibo zone at 83.56.

RSI indicator remains in the positive territory.



USD/CAD: bullish above 1.24

USD/CAD is finding dynamic resistance in the 200 SMA at H1 chart and it’s currently trading inside a decisive stage…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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