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.
NZD/USD got hit hard
Information is not investment advice
NZD/USD slumped on Wednesday as the Reserve Bank of New Zealand said that downside risks to its outlook meant the next move in rates was now more likely to be a cut. The pair fell from the resistance line connecting December and February highs. It’s now testing levels below the 200- and 100-day MAs. It looks like the fall is still unfinished and the NZD may fall to the support line in the 0.6760 area. This line is connecting 3 lows on the price chart. Oscillators show that the pair is not yet oversold on the H4 chart.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?