EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move.
AUD/NZD: is it time for a correction?
Information is not investment advice
AUD/NZD experienced an impressive rally since the end of March. This week the currency pair ran into the resistance of the 50-week MA (1.0700) and 50% Fibo of the August-March decline. The possibility of a short-term correction down is high. Selling is possible below the 200-day MA (1.0675) with a target at the next Fibo level of 1.0620.
A break above 1.0755 (200- and 100-week MAs) is needed to open the way up to 1.0830 (61.8% Fibo).
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
USD/CAD has been falling for a long rime. Has it hit the bottom?
Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes
There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.