EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
NZD/USD: is the correction over?
Information is not investment advice
Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month. Support is at 0.6080 and 0.6065. The slide below the latter will open the way down to 0.6040. On the contrary, the advance above 0.6115 would mean the bullish flag and open the way up for another retest of 0.6155.
Trade ideas for NZD/USD
SELL 0.6080; TP1 0.6065; TP2 0.6040; SL 0.6090
BUY 0.6120; TP 0.6150; SL 0.6105
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
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