AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
EURNZD is in the overbought zone
Information is not investment advice
On H1 of EURNZD, the pair has been moving to the resistance at 1.7405. RSI indicator is in the overbought area on H1 and H4 timeframes. However, the euro got a good boost and the NZD is weak. It may support a continuation of the rise. If the pair is able to break above the resistance, the next long may be anticipated at 1.7416. The target is at 1.7453. However, if the pair rebounds from the resistance, the first support is at 1.7384 and 1.7350.
Darya Bobrova
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AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
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