EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
Technical levels for AUD/JPY
Information is not investment advice
AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support. If the positive risk sentiment keeps on the pair settles above the last week’s high of 74.80, there will be no significant technical obstacles until 75.80 (resistance line connecting the 2018 and 2019 highs; 200-day MA). The return below 74.38 (50-period MA on the H4) will open the way down to 73.95 and 73.70 (100-day MA).
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
The number of Americans applying for initial unemployment benefits came in at a larger-than-forecast 870,000 last week, signaling that the recovery in the labor market is losing momentum as the coronavirus pandemic lingers and layoffs continue apace.
The GBP is likely to move upward until it reaches the resistance of 1.2795.
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