OIL price: still rising
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/NZD keeps moving up
Information is not investment advice
On H4 of AUD/NZD, the pair continues its upward movement. RSI indicator is in the overbought zone that is a signal of the soon reversal. However, before the pair turns around, it may test new highs. A break above 1.05016 will push the pair to 1.0511. The take profit target may be trailed to 1.0523 in the case of the strong bulls.
Darya Bobrova
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