NZD/USD gaining momentum above the 200 SMA

NZD/USD gaining momentum above the 200 SMA

NZD/USD has plummeted to the Fibonacci level of 78.6% at 0.7279, according to our projections in the short-term. The pair is moving above the 200 SMA at H1 chart and it seems a bullish consolidation is ongoing and could allow further gains toward the Fibonacci target of -23.6% at 0.7484 once it breaks above January 24th highs. To the downside, the next key support lies at January 17th lows.

RSI indicator remains in the positive territory.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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