Investors want to trade riskier, and dire economic and virus background doesn't stop that. The USD will testify.
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.
Yellow metal has become the best performing asset during the coronavirus. Some analysts foresee it will reach $2 000.
EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.