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Transfer to China We said yesterday that the short-term reversal of the exchange rate may be coming soon because it unexpectedly broke through the support. The euro's rise since March may temporarily peak at .
The euro's current downward trend may be extended towards the . The current main support for the exchange rate is around . It is not yet believed that this support will be broken down. Overall, the euro will trend downward in the next few trading days unless it returns to the top.
GBP/USD: Neutral is likely to trade in the - range. There’s really nothing special to say here as GBP is still trading in the range. We remain neutral on GBP and expect to trade in the - range for more than a week.
AUD/USD: The neutral daily chart closes at . The upper level will turn bullish. The Australian dollar still maintains a neutral upward momentum and is increasing. The daily chart can close at . The upper level will be a strong bullish signal. The exchange rate may therefore Crossing above recent highs. And as long as the exchange rate does not return to ./support the upward risk of the Australian dollar below will continue to increase.
NZD/USD: Neutral may still trade in the ./. range. The neutral view of the New Zealand dollar remains unchanged and is expected to remain trading in the .-. range.
USD/JPY: Turned into neutral range. - Failed to break below, indicating the end of the initial decline in the exchange rate from last week. The current view of USD/JPY has turned to neutral and the exchange rate is expected to trade in the -. range.