GBP/AUD broke above 1.8015 leaving the range within which it consolidated since the start of July.
Tag - trade ideas
Yesterday GBP/USD found the support of the weekly pivot point at 1.2213. As long as the pair remains above this point, it has a chance to test higher levels.
It turns out that the Swiss National Bank is buying foreign currency in order to limit the appreciation of the CHF.
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After its peak at the end of June, BTC/USD has been constantly forming lower highs and making significant legs to the downside.
XAU/USD, also known as spot gold, rose to the 1,440 area - the same zone that stopped its advance last week.
The NZD remains in a downtrend versus the CHF and the JPY as the market is still in the risk-averse mode.
EUR/JPY is correcting up. There’s a bullish impulse on H4.
It looks like AUD/CAD formed an “Inverted Head and Shoulders” pattern on D1.
USD/CAD met resistance in the 1.3490 area (resistance line connecting April and May highs).
GBP/CAD made an attempt last week to rise to the 200-week MA in the 1.7750 area but then turned down and closed around 1.7460
EUR/NZD tends to move in steep trends. Currently, it’s in the phase of decline.