Technical Analysis
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| EUR/USD | |||
| Previous Day Range | High: 1.1243 | Low: 1.1179 | Close: 1.1194 |
| Technical Chart | Resistance R-2: 1.1269 R-1: 1.1232 |
Support S-1: 1.1168 S-2: 1.1141 |
Forecast 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. | |||
| USD/JPY | |||
| Previous Day Range | High: 108.67 | Low: 108.04 | Close: 108.42 |
| Technical Chart | Resistance R-2: 109.01 R-1: 108.71 |
Support |
Forecast 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. | |||
| GBP/USD | |||
| Previous Day Range | High: 1.2564 | Low: 1.2504 | Close: 1.2556 |
| Technical Chart | Resistance R-2: 1.2601 R-1: 1.2579 |
Support S-1: 1.2519 S-2: 1.2481 |
Forecast 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. | |||
| USD/CHF | |||
| Previous Day Range | High: 1.0013 | Low:0.9959 | Close: 1.0000 |
| Technical Chart | Resistance R-2: 1.0045 R-1: 1.0022 |
Support S-1: 0.9968 S-2: 0.9937 |
Forecast 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. | |||
| AUD/USD | |||
| Previous Day Range | High: 0.6882 | Low: 0.6828 | Close: 0.6875 |
| Technical Chart | Resistance R-2: 0.6916 R-1: 0.6895 |
Support S-1: 0.6841 S-2: 0.6808 |
Forecast 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. | |||
| USD/CAD | |||
| Previous Day Range | High: 1.3432 | Low: 1.3369 | Close: 1.3382 |
| Technical Chart | Resistance R-2: 1.3457 R-1: 1.3420 |
Support S-1: 1.3357 S-2: 1.3331 |
Forecast |
| 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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