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 will move on the Fed’s meeting
Trade idea
SELL 0.6515; TP1 0.6496; TP2 0.6470; SL 0.6535
The New Zealand currency is not feeling very well on Wednesday as investors have obviously decided to take profit. NZD/USD met resistance around 0.6565 (61.8% Fibonacci of the July-October decline, top of the October-December bullish channel). The pair is now testing levels below the 200-day MA (0.6535). The line itself has a bearish bias. The meeting of the Federal Reserve will increase volatility. A decline below 0.6520 (50-period MA on the H4) will open the way down to 0.6496 (50% Fibonacci) and 0.6475/65 (100-period MA, November high). The ultimate support is at 0.6427 (support line). As for resistance, above 0.6565 it lies at 0.6585 (50-week MA, the long-term downtrend resistance line). This area will likely limit the upside if the USD gets in trouble.
Elizabeth Belugina
Similar
Brent: is there a bottom?
On the W1, Brent oil formed a bullish “hammer”…
USD/CHF may rise a bit
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.
Latest news
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.
Brent: is there a bottom?
On the W1, Brent oil formed a bullish “hammer”…
Gold and Japanese yen: who is not a safe-haven asset anymore?
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.
Deposit with your local payment systems
