AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD/JPY rebounded from the low
Information is not investment advice
On H4 of NZD/JPY, the pair rebounded from the low at 70.43 and moved up. Up to now, it has been trading near an important level of 70.68. If the pair sticks above it, the next level to break is the upper boundary of the descending channel. If bulls succeed to do that, we will see a correction of the downtrend. The first resistance is at 70.90. As soon as the pair is closed above it, we will see a further rise.
However, the pressure is strong until the pair is in below the upper boundary of the channel. So, the rise may be limited. A break below 70.68 will lead the pair to 70.43.
Darya Bobrova
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AUD/USD: 11-year lows
AUD is on a downswing against the USD. It reached the Spring-2009 lows. Will it continue the same direction?
NZD/JPY: three swings
NZD seems to be in an equal fight against the JPY. What stands behind that?
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