Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/USD: 'Double Bottom' pattern
Information is not investment advice
The uptrend line has been broken, but there's a 'Double Bottom' pattern, which has been confirmed. Thus, it's likely that the pair is going to test the closest resistance at 0.6756 - 0.6772 in the short term. If a pullback from these levels happens little later on, bears will probably try to reach the next support at 0.6718 - 0.6705, which could be a starting point for a larger bullish correction.
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.