EUR/JPY is on shaky ground
The euro is fundamentally weak
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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AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
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To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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EUR/JPY is on shaky ground
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