TECNICALS
We notice that the pair has been bullish for quite some time mainly due to a weakening Chinese economy, and higher oil and import prices sending the pair sky rocketing from the daily support zone of 179.147 to the breaking above resistance zone of 153.140 and supprisingly even above previous high.
price has been respecting the trend line and has come to retest broken resistance aka previous high so a simlier move to that of my EUR/USD analisys
FUNDAMENTALS TO LOOK OUT FOR
TBD
We notice that the pair has been bullish for quite some time mainly due to a weakening Chinese economy, and higher oil and import prices sending the pair sky rocketing from the daily support zone of 179.147 to the breaking above resistance zone of 153.140 and supprisingly even above previous high.
price has been respecting the trend line and has come to retest broken resistance aka previous high so a simlier move to that of my EUR/USD analisys
FUNDAMENTALS TO LOOK OUT FOR
TBD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.