Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/USD: 'Pennant' pushed market lower
Information is not investment advice
The last 'Pennant' pushed the market lower. There's a 'Thorn' pattern, which is likely going to be confirmed soon. In this case, we should watch the nearest resistance at 0.6644 - 0.6666 as a potential bullish target. If a pullback from this area happens little later on, bears will probably try to achieve another support at 0.6600 - 0.6587.
On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.
AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.