EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
Ways of trading AUD/NZD
Information is not investment advice
Although both the AUD and the NZD suffer versus the USD, it seems that, for now, the Australian currency is a bit stronger than New Zealand’s one. On the D1, AUD/NZD has managed to overcome the resistance line connecting the highs of 2018 and 2019 around 1.0540 (although on the W1 that hasn’t happened yet). The pair has also achieved a daily close above last week’s maximum in the 1.0615 area. There’s some scope for more advance: there’s the horizontal 200-week MA at 1.0700 is the natural target. AUD/NZD can reach this area and this is where sellers will likely reappear. The return below the highs of the last week will also provide a negative signal.
Elizabeth Belugina
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EUR/USD pushed up from support
EUR/USD spiked down to the September low in the 1.0930 but failed to stay there and closed around 1.1060 on Thursday.
EUR/NZD: the opportunity is still here
When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD
CHF/JPY has some potential
CHF/JPY formed a “bullish engulfing” pattern on the W1.
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