USD/JPY: a SELL opportunity
USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
AUD/NZD failed at resistance
Information is not investment advice
AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06. Once again the pair failed to close above the 200-day MA (1.0655). A “shooting star” candlestick was formed on the daily chart. As a result, we can expect the pair to decline at least to the weekly lows around 1.0550 or even to 1.0550.
Elizabeth Belugina
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