EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
GBP/AUD struggles for upside
Information is not investment advice
GBP/AUD is a very volatile pair and its moves are always quite messy. Still, we are able to spot some patterns. In particular, GBP/AUD broke above 1.8015 leaving the range within which it consolidated since the start of July. There was a series of higher lows before the breakout. In addition, after the breakout, the level 1.8015 was retested and managed to provide support for the pair. With the AUD weakened by the trade war concerns and the weaker-than-expected domestic data and the GBP cheered up by the hopes that a no-deal Brexit may be avoided, the pair has a fair chance to reach 61.8% Fibo and June highs in the 1.8375 area.
Elizabeth Belugina
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EUR/NZD has stumbled
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
AUD/CAD can get higher
AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.
GBP/JPY: trading on Brexit
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
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