Daily Market Analysis

During the summer months, EUR/CAD broke an important support line and traded with a bearish bias ever since.

AUD/JPY is trying to return to positive dynamics. The level of 74.50 which earlier acted as resistance is now functioning as support.

On October 16, GBP/AUD met resistance in the 1.9090 area (resistance line from March highs).

On the H1 chart of NZD/CAD, the price once again bounced back from the local resistance level of 0.8404 and is on the way down to support at 0.8281.

With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week.

NZD/USD failed to overcome the resistance at 0.6430: yesterday’s close below 0.6385 confirmed the short-term victory of sellers.

EUR/JPY has been moving up since the start of September. At the beginning of October, it formed a higher low. T

Last week, the advance of GBP/CAD was contained by the 100-week MA at 1.71. On the D1, the pair closed yesterday below the 200-day MA at 1.6883.

On the W1, EUR/NZD formed a candlestick with a long upper wick - a sign that sellers are strong in the 1.76 area.

AUD/CAD is trying to hold at some important long-term levels. A limited upside is possible from here.

What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.

There are many positive developments in AUD/JPY. Will it be able to continue rising?