AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
NZD/USD got hit hard
Trade idea
SELL 0.6800; TP 0.6760; TP 0.6815
NZD/USD slumped on Wednesday as the Reserve Bank of New Zealand said that downside risks to its outlook meant the next move in rates was now more likely to be a cut. The pair fell from the resistance line connecting December and February highs. It’s now testing levels below the 200- and 100-day MAs. It looks like the fall is still unfinished and the NZD may fall to the support line in the 0.6760 area. This line is connecting 3 lows on the price chart. Oscillators show that the pair is not yet oversold on the H4 chart.
Elizabeth Belugina
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AUD/JPY looks exposed
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
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On the W1, Brent oil formed a bullish “hammer”…
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