Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.
USD/SGD: a short-term trade
SELL 1.3539; TP1 1.3528; SL 1.3545
USD/SGD is recoiling down from the resistance line going back from October highs. Stochastic Oscillator is providing a sell signal on the daily chart. The decline below the 50-day MA at 1.3540 will open the way down to 1.3528 (short-term trendline support) and to 1.3515 (50% Fibonacci) if the slide continues.
It’s worth paying attention to AUD/JPY. The pair has approached the resistance line connecting April and May highs.
The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.
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