EUR/USD fell below 1.1850 after reaching 1.1920 on Monday. The pair consolidated after the initial bearish move.
NZD/USD: an interesting setup
Information is not investment advice
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1. All in all, this pattern implies that the pair may rise as high as to 0.6565 (61.8% Fibo of the July-October decline) and 0.6590 (200-day MA). The close of October candlestick on the monthly chart was positive. Fundamentally, the pair will rise if the US and China make a breakthrough in trade talks and the USD remains weakened by the domestic figures. To confirm the upside, NZD/USD has to break above 0.6460 (100-day MA).
USD/CAD remains within a downtrend. As a result, selling the pair as it turns down from resistance is the best strategy. Support lies at 1.3125.
EUR/AUD formed a candlestick with a long upper shadow on the D1. The pair is currently testing levels below the 50- and the 100-period moving averages.
USD/CAD has been falling for a long rime. Has it hit the bottom?
Asian equity markets were mostly positive amid several bullish factors including ongoing vaccine hopes
There are a lot of movements in the currency market now - therefore, a lot of opportunities. Let's see how the USD trades against its peers and how to use that in the short-term.