Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
NZD/USD: 'V-Top' pushing price lower
Information is not investment advice
The price is declining because of the last 'V-Top' pattern. There's a new local low and we have no any bearish pattern so far. In this case, the market is likely going to achieve the previously tested support at 0.6751 - 0.6743 in the coming hours. If a pullback from these levels happens thereafter, there'll be an opportunity to have an upward correction towards the nearest resistance at 0.6786 - 0.6807.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?
First, "ETH merge" Google requests are on the rise. At the same time, "buy ETH" requests are at their two-year lows, which is quite a negative factor ahead of the vast update. The community either doesn’t believe in the success, or they are following the "buy the rumors – sell the news" rule and waiting for the massive dump after the merge.