EUR/USD. The ECB meeting will take place today. Prior to the press conference, there will probably be no strong trend movements. I plan to wait for the Central Bank’s decision. I’ve identified the following key levels:
Support - 1.0840, 1.0775
Resistance – 1.0950
I will look at how the price reacts to them.
There were aggressive sales on NZD/USD during the last week. The technical pattern is ambiguous for me at the moment. I have identified the key trading range: 0.6850-0.6890.
A strong reversal formation has formed on the market. The divergence of the price and the MACD histogram. I don’t exclude a corrective movement. I’ll buy, if the price fixes above the 0.6890 mark. The immediate goal for fixing profits is 0.6920.
I also don’t rule out a further drop of NZD/USD. The data on the US GDP will be published today. It can pressure the dynamics of this pair. I’ll sell NZD/USD, if the price fixe below 0.6850. Potential movement - to the 0.6800 round level.
USD/CAD failed to overcome the 1.3525 support level yesterday. It has triggered aggressive purchases in the second half of the day. 1.3665 acts as a local resistance. I’ll look for the entry points into long positions, if the price fixes above this mark. Potential movement - to 1.3700.