USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
EUR/NZD: the downtrend is still on
Information is not investment advice
EUR/NZD has stalled ahead of the downtrend resistance line. The pair formed a “shooting star” candlestick on the daily chart. The main support is located in the 1.64 area, where the pair has met support twice during the latest month. As a result, it’s possible to expect a minor movement to the downside.
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
USD/JPY has recently formed a higher low at the end of last week. Today the pair is testing levels above the 50-day MA.
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
The USD is trading at its 7-week low, and it looks like it will continue falling further. Why?
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