Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/USD: pair to test 34 Moving Average
Information is not investment advice
The last 'V-Bottom' pattern has been confirmed, so that's why the price is consolidating. It's likely that the pair is going to test the 34 Moving Average in the short term. If any bearish pattern forms on this line little later on, there'll be a moment for another decline towards the next support at 0.6541.
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.