Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
AUD/USD: confirmed 'Thorn' pattern
Information is not investment advice
The last pullback from the Moving Averages led to form a new local high, so there's a 'Thorn' pattern, which has been confirmed. In this case, it's likely to have a local correction towards the nearest support at 0.7151 - 0.7147. This area could be a starting point for another advance in the direction of the next resistance at 0.7198 - 0.7206.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.