Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
NZDCAD is on the rise, but not for long
Information is not investment advice
On the H1 chart of NZDCAD, the price has been showing an uptrend lately, rising above the upper band of the Envelopes. That means the upward movement will continue for a while. However, the RSI and Stochastic Indicators are in the overbought zones. Therefore, the bearish reversal is looming in the short-term. The price is likely to move up to the resistance of 0.8563 and bounce downwards. As soon as the RSI crossing the 70% and the Stochastic’s fast line crossing the slow one upside-down confirms that, it may be a good moment to open shorts. The support for this scenario may be placed in the range of 0.8518 - 0.8515.
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Cable inches towards key resistance near 1.3400
The progress on the COVID-19 vaccines and hopes of a swift economic rebound next year added to the optimistic sentiment in the market.
AUD/JPY: Risk on remains intact
World shares paused on Monday to assess a record-breaking month
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