Technical Analysis

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Previous Day Range High: 1.1243 Low: 1.1179 Close: 1.1194
Technical Chart Resistance
R-2: 1.1269
R-1: 1.1232
S-1: 1.1168
S-2: 1.1141
High: 1.1232
Low: 1.1168
EUR/USD’s fall from 1.1347 extends to as low as 1.1181 so far today. Intraday bias remains on the downside for 1.1107 low. Though, we’d stay cautious on strong support from 1.1107 low to bring rebound. On the upside, above 1.1247 minor resistance will turn bias back to the upside for 1.1347 again.
Previous Day Range High: 108.67 Low: 108.04 Close: 108.42
Technical Chart Resistance
R-2: 109.01
R-1: 108.71

S-1: 108.08
S-2: 107.75

High: 108.71
Low: 108.08
USD/JPY recovers strongly in early US session but intraday bias remains neutral first. Consolidation from 107.81 could extend but upside should be limited by 109.02 support turned resistance to bring fall resumption. On the downside, sustained break of 61.8% retracement of 104.69 to 112.40 at 107.63 will pave the way back to 104.62/9 key support. However, break of 109.02 support turned resistance will indicate short term bottoming and bring lengthier consolidations first.
Previous Day Range High: 1.2564 Low: 1.2504 Close: 1.2556
Technical Chart Resistance 
R-2: 1.2601
R-1: 1.2579
S-1: 1.2519
S-2: 1.2481
High: 1.2579
Low: 1.2519
Intraday bias in GBP/USD remains neutral for the moment. Current fall from 1.3381 is in progress for 1.2391 low. Decisive break there will confirm resumption of larger down trend. On the upside, above 1.2605 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.2763 resistance to bring fall resumption.
Previous Day Range High: 1.0013 Low:0.9959 Close: 1.0000
Technical Chart Resistance
R-2: 1.0045
R-1: 1.0022
S-1: 0.9968
S-2: 0.9937
High: 1.0022
Low: 0.9968
USD/CHF’s rebound from 0.9854 extends higher today. Focus is now on 1.0008 support turned resistance. Decisive break will indicate completion of fall from 1.0237 and turn bias to the upside for 1.0098 resistance first. Rejection by 1.0008, followed by break of 0.9925 minor support will turn bias back to the downside for 0.9854 support.
Previous Day Range High: 0.6882 Low: 0.6828 Close: 0.6875
Technical Chart Resistance
R-2: 0.6916
R-1: 0.6895
S-1: 0.6841
S-2: 0.6808
High: 0.6895
Low: 0.6841
AUD/USD drops further to as low as 0683 so far today as decline from 0.7295 is extending. Intraday bias stays the downside for retesting 0.6722 low next. On the upside, above 0.6884 minor resistance will turn intraday bias neutral and bring consolidations. But recovery should be limited well below 0.7022 resistance to bring fall resumption.
Previous Day Range High: 1.3432 Low: 1.3369 Close: 1.3382
Technical Chart Resistance
R-2: 1.3457
R-1: 1.3420
S-1: 1.3357
S-2: 1.3331

High: 1.3420                             Low: 1.3357

Intraday bias in USD/CAD remains mildly on the upside for the moment. Current rebound from 1.3239 could target 1.3564 resistance first. Break will target 1.3664 high. On the downside, below 1.3328 minor support will turn intraday bias back to the downside for 1.3239 support instead.

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