On this EURUSD buy you can see how the pivot levels play, with price bouncing out of the resistance pivot. Please follow us or see the tonisignals website for more
EURJPY is trending to the upside, and is currently in a wedge. We favour long positions, and a break of the resistance trendline signals upside.
Will buyers protect the bottom of NZDUSD's channel? With New Zealand now entering lockdown again we anticipate NZD to show signs of weakness in the following weeks.
NZD/USD is trending higher prior to NFP. Non Farm Payroll measures the number of jobs created in the previous month excluding agricultural jobs. We anticipate further NZD strength against the USD into the 0.6568 level.
We anticipate USD downside against the CAD today into the 1.3625 level, as the market prepares for USD Consumer Confidence Data.
If we see a risk on sentiment reflected in the Australian stock market today we could see the AUS200 push to new quarterly highs. This setup provides a risk/reward of 2, with a generous stop size.
EURJPY is in a wedge, look for a break to trade either direction!
The AUDUSD is quickly approaching the 2019 High: Will It Find Resistance? We have seen a strong bull market in recent months for the AUD, spurred by foreign investment in Australian bonds. As the Aussie reaches towards the 2019 high it raises the question: will the Aussie finally find resistance?
RBNZ Interest Rate Decision Tomorrow at 0200 GMT (24/6/2020), the Royal Bank of New Zealand is releasing their interest rate decision. The interest rate decision is based upon business and economic conditions in New Zealand, and typically provides an outlook for coming economic conditions. The consensus is that the interest rate will remain unchanged at 0.25%,...