Levels to trade AUD/USD
After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
USD/JPY has bottomed out
Information is not investment advice
Last week, USD/JPY formed a higher low. Then it broke above the resistance line connecting May 13 low and the highs of June. The pair reached the 38.2% Fibo retracement of the June-April decline and the 50-day MA in the 108.90 area. The advance above this neckline will confirm an inverted “head and shoulders” pattern and make the pair target 109.60 (50% Fibo) and 110.00 (psychological level). The scenario will be valid until USD/JPY trades above 108.40 (the neckline).
Elizabeth Belugina
Similar
GBP/USD: outlook remains bearish
GBP/USD retraced more than 78.6% Fibonacci of the 2019 advance. Last week was the worst for the pair since the Brexit referendum.
CAD/JPY turned down
CAD/JPY recovered last week to the 78.00 area (38.2% Fibonacci of the February-March decline), but then turned down again getting back below the 50-period MA on the H4.
Popular
The first quarter is over: the review of the market
As today is the last day of the first quarter, let’s look at the performance of the major currency pairs and analyze what may come next for them.
Oil: status update
WTI is at 17-year lows. Is it the end?
EURUSD is noe testing the key resistance at 1.1000.
FLAGS EURUSD M30 ARROW Resistance 1…
Choose your payment system
