USD/JPY rose to the resistance of the 50-week MA at 106.00. The pair is not at the resistance line since the end of December.
NZD/USD: a short-term idea
Information is not investment advice
NZD/USD has once again found support in the 0.6830 area. The price action on the H1 chart strongly resembles an inverted “Head and Shoulders” pattern. The advance above the neckline at 0.6400 will open the way up to the 0.6415/20 area, where it will once again meet resistance. This is where it will be time to consider selling.
Trade idea for NZD/USD
BUY 0.6400; TP 0.6420; SL 0.6390
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