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AUD/NZD met the resistance of the 50-week MA in the 1.0700 area. A bit higher there are more resistance levels (100- and 200-week MAs at 1.0750).
The advance of the pair during the recent month was very rapid, and now it became overbought. The pair returned below the 200-day MA and will likely survive a deeper correction. As long as NZD/USD remain below the weekly pivot at 1.0660, the short-term picture will remain bearish. The target levels lie around 1.0500.
When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.
EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.
US Equities bounced back again in the past two days, while the S&P500 recovered all of its declines after holding well above its 50-day MA for the fifth time this year.
What will happen? Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…
Ichimoku Kinko Hyo NZD/JPY: The NZD/JPY pair is trading below the Kumo…
What will happen? Tesla, the world's largest EV’s manufacturer, will present its earnings report for the second quarter on July 26 after the stock market closes (23:00 GMT+3)…
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