Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/CHF: price testing the 34 Moving Average
Information is not investment advice
There's a possible 'Triple Top' pattern, so the price is testing the 34 Moving Average line. Also, we've got a 'Thorn' pattern, which brings more evidence for the bullish outlook. In this case, we should keep watching the next resistance at 1.0000 - 1.0009 as a potential target for the ongoing upward correction. The subsequent pullback from this area could be a departure point for a downward price movement towards the closest support at 0.9925 - 0.9904.
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.