Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
GOLD: 'Tower' pushing price to 'Window'
Information is not investment advice
The last bullish 'Tower' led to the current upward price movement. However, we've also got a bearish 'Harami', which hasn't been confirmed yet. Therefore, the market is likely going to test the upper 'Window' (1328.48), which acted as resistance before. The subsequent pullback from this level could lead to a local decline towards the 55 Moving Average.
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.