Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/CHF is at the important border
Information is not investment advice
On H4 of NZD/CHF, the pair has been trading near the important border of the trendlines. The pair was boosted by the RBNZ meeting where the central bank skipped a risk of the rate cut. Trendlines put pressure, however, if the price stays above 0.64965, we may see a rise to the levels of the 0.6507-0.6514 range. To be sure in the further rise, the pair needs to stick above 0.6514, then we can anticipate an increase to 0.6539.
As the pair is trading near the trendline and previous picks of the rebound, we may see a correction. Bears need to keep the pair below 0.64695 to pull it to 0.6475.
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.