NZD/CAD could find a top around 0.8930
NZD/CAD managed to make a rebound above the May 17th lows and it’s currently making a retracement from the decline held since May 8th…
USD/JPY: bullish correction going to move on
We’ve got an “Engulfing” and two “Tweezers”, which all have been confirmed. Also, there’s a “Shooting Star”, so the pair is likely going to form a local downward correction. At the same time, bulls will probably try to deliver a new local high afterwards.
We’ve got a local bearish “Harami”, which has been confirmed enough, so the current downward correction is likely going to be continued. Nevertheless, an opportunity to have a new high is still on the table.
Galya Svetlova
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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…
CHF/JPY broke powerful resistance level 115.15
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