Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
NZD/USD: price to test Moving Averages
Information is not investment advice
All the Moving Averages have been broken because of the last 'Flag' pattern. It's likely to have a local downward correction towards the previously tested support at 0.6813 and the Moving Average lines. If a pullback from these levels happens little later on, there'll be a green light for another bullish rally, so we should watch an area at 0.6868 - 0.6886, which acted as resistance many times before.
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.