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29th June 2018 Market Outlook


NZD/CAD – NZD/CAD continue to decline lower after price rejected its 0.9220 resistance level as we expected in our 25th June 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as there’s no immediate support level below to stop price from moving lower.

NZDCADrDaily

 

Pound Aussie – GBP/AUD decline lower after price pullback into its 1.7950–1.7910 resistance area and rejected it as we expected in our 21st June 2018 Market Outlook. Traders who went short as we recommended may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue its decline in the coming days.

GBPAUDrDaily

 

Euro Pound – EUR/GBP breakout above its 0.8830–0.8820 resistance area earlier this week which opened up the door for potential further rally. Traders may consider buying into this market to jump on the bullish trend especially if price pullback into its support level.

EURGBPrH4

Posted on 2018-06-29 07:38:46

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