GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
AUD/CAD has trouble rising
Information is not investment advice
AUD/CAD met resistance at the line connecting December and March highs. It failed to close above 10-day MA (0.9515) on Friday and is now testing 200-day MA (0.9497). We see that the path of the least resistance for the pair is to the downside. The decline below 0.9480 will confirm the short-term top and open the way down to 0.9455 (200-period MA on H4) and last week’s lows at 0.9415. To regain strength the Australia dollar needs to get above March 26 high at 0.9526. In this case, the next upside target will be at 0.9623.
Elizabeth Belugina
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GBP/JPY tests the upside
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
XAU/USD: a short-term trade
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
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