Levels to trade AUD/USD
After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
Keep an eye on EUR/NZD
Information is not investment advice
EUR/NZD formed a number of candlesticks with long lower wicks on the D1 - a sign that there’s demand for the euro around 1.7300. The pair is trying to form a bottom and is currently testing the resistance line connecting October highs. Resistance is also provided by the 200- and 100-periods MAs on the H4 in the 1.7430 area. A break above 1.7440 is needed to open the way up to 1.7490 and 1.7515 (Oct. 30 high). Support lies at 1.7395 (50-day MA). The return below this level may weaken the pair to 1.7350 and 1.7325.
Elizabeth Belugina
Similar
GBP/USD: outlook remains bearish
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY turned down
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
Popular
EURUSD is noe testing the key resistance at 1.1000.
FLAGS EURUSD M30 ARROW Resistance 1…
OIL: lying low
Are we going to see even cheaper oil? Possible. Read the article to have an idea.
GOLD: back to indifference
Is gold predictable now, at all? Let's consider some facts and observations.
Choose your payment system
