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 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.
Tesla dropped amid the wider stock sell-off and by that erased all its gains for this year. Is it a good time to buy it or not yet?
Ichimoku Kinko Hyo EUR/JPY: The pair is trading below the cloud…
Ichimoku Kinko Hyo NZD/JPY: The pair is trading below the cloud…