USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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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AUD/USD turned down
AUD/USD made another attempt to close below the 50-day MA at 0.6845 and this time it was successful.
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EUR/AUD formed a "hammer" candlestick on the W1, above the 50-week MA in the 1.6010 area.
USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
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