We have outlooked several promising Forex pairs and the result can surprise you!
AUD/NZD is down after RBA
Information is not investment advice
AUD/NZD has once again turned down from 1.0800 (the 61.8% Fibo of the 2018 decline) as the AUD got hit by the RBA’s decision to cut its interest rate. The near-term support is at 1.0750/45. The fall below this level will bring the pair to 1.0710. This is just above the 100- and 200-week MAs, so it’s too risky to bet on a bigger decline.
GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.
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