Technical analysis of EURUSD
AUDJPY is moving to the resistance
Information is not investment advice
On the daily chart of AUDJPY, the MACD indicator has formed the bulllish divergence and the pair has risen. But the upward movement may be limited. The resistance is placed at 72.350. If the pair turns around, the support will lie at 71.30. If bulls are able to push the pair above 72.350, the next level to open longs is at 73.200.
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY formed a “bullish engulfing” pattern on the W1.