EUR/NZD tends to move in steep trends. Currently, it’s in the phase of decline.
Tag - trade ideas
AUD/USD has met the resistance of the 200-day MA at 0.73.
USD/CAD has reached the target at 1.3115 we’ve given earlier this week.
The pair will be vulnerable for a decline to support at 1.0440.
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
The pair broke above the resistance line going through October highs but then was stopped by the 50% Fibonacci at 14.6380.
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).
Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?
USD/MXN has met resistance at the line connecting 2017 and 2018 highs.
Great Britain will release the level of retail sales at 11:30 MT time on November 15.
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
On Wednesday, the British pound re-approached recent 15-month maximum versus the greenback, underpinned by sturdy British retail sales data…