USD/JPY is showing a three-day uptrend, settling around the weekly high. The sustained break of the monthly resistance line and the bullish signal from the MACD favor the buyers. The bears should wait for the confluence of the ascending triangle for conviction. The USD/JPY it has recovered about 65 pips from the Asian session low […]
Tag: TrendFollowing
AUD/NZD Price Analysis: Breakout of key 1.1000 support after RBNZ rate hike
AUD/NZD updates monthly low after RBNZ’s 50 basis point rate hike. The clear break of the 100 DMA and the rising trend line from the end of May favors the sellers. The bulls need validation of a fifteen day resistance line to regain control. The AUD/NZD is on slippery ground after the Reserve Bank of […]