Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/USD: pair consolidating above Moving Averages
Information is not investment advice
The market is consolidating above the Moving Averages. Also, there's a local 'V-Bottom' pattern, so the pair is likely going to achieve the previously tested resistance at 0.6886 - 0.6902, which stopped bulls many times before. Thus, another pullback from this area could be a departure point for a downward correction in the direction of the Moving Averages.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.