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Bad days for EUR/NZD

Bad days for EUR/NZD

Information is not investment advice

Last week EUR/NZD tried to test levels above 1.70 but failed to hold there and ultimately closed at 1.6820, below the 100-week MA. The new week started with the euro testing levels below July low and the 50% retracement of the March-June advance at 1.6795. The next targets are 1.6677 (61.8% Fibo) and 1.65. The short-term outlook will remain negative as long as EUR/NZD is trading below 1.6900 (weekly pivot point).



XAU/USD: where to next?

XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.


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