EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
EUR/NZD has a chance to get higher
Information is not investment advice
This month EUR/NZD broke the downtrend resistance line which had been in place since the start of January. The pair also got above the 38.2% Fibonacci retracement of the January-March decline. This level at 1.6635 is now acting as support together with the 100-day MA at 1.6658. Resistance lies at the 50% Fibo at 1.6740. The advance above this level will bring EUR/NZD to 1.6850 and potentially to 1.7000.
Elizabeth Belugina
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EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD will be volatile
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
XAU/USD awaits trade info
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.
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