EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!
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.
GBP/CHF formed a "bullish engulfing" candlestick on the W1. On smaller timeframes, we see a higher low that makes the price action resemble an “Inverse Head and Shoulders” pattern.
It’s simply the question of time before gold price gets to the higher levels…