EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
NZD/CAD is continuing downward movement
Information is not investment advice
On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281. 50-period MA is already below 200-period MA, with 100-period MA also dropping. This should mean that NZD/CAD most probably will break through the nearest support level to the next support at 0.8253. If the movement gets back up into the bullish trend, the resistance levels are at 0.8342, 0.8359 and 0.8404.
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EUR/USD at 52 week high
Asia-Pacific stocks lacked firm direction as momentum faded from the record-setting performance on Wall St, where the S&P 500 and Nasdaq printed fresh all-time highs
USD bulls try to resist
Fed's Powell said a slowing recovery and a surging pandemic meant the US was entering a "challenging" few months, with the potential deployment of a vaccine still facing hurdles.
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