Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/CHF: confirmed 'Double Top' pattern
Information is not investment advice
There's a 'Double Top' pattern, which has been confirmed, so the price was declining. However, the 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support at 1.0111 - 1.0091. If any bullish pattern forms next, there'll be a moment to have an upward correction towards the nearest resistance at 1.0145 - 1.0169.
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.