EUR/USD
EUR/USD rotated up today but closed under key resistance zone around 1.3418.The price action around this zone will determine the next line of action as we can see the next resistance level around 1.3517.
GBP/USD
GBP/USD continue the bullish run today,but close below the next resistance zone of 1.5605 zone.We anticipate a retracement back to 1.5435 zone, where we can look for bullish setup to join the existing bullish trend.A close above 1.5605 zone will open the way for the testing of the key rtesistance zone 1.5751.
AUD/USD
AUD/USD moved up modestly today,but ended the day withing the slope of the EMAs.At this point we forsee a bullish continuation of this pair to 0.9322 zone where we can look for bearish setup to trade in line with the dominant bearish run.
EUR/AUD
EUR/AUD rotated lower today.The rotation was kick started by the bearish pin bar that was formed on Monday of this week.Given the counter trend nature of the pin , we are more cautious in trading this setup.We are expecting the bearish run to continue to the next support zone between 1.445-1441
USD/CAD
USD/CAD retraced aggressively today after yesterday unconvincing break/false break of horizontal resistance zone of 1.0421 zone.The next support level is around 1.0244 area.
EUR/USD rotated up today but closed under key resistance zone around 1.3418.The price action around this zone will determine the next line of action as we can see the next resistance level around 1.3517.
GBP/USD
GBP/USD continue the bullish run today,but close below the next resistance zone of 1.5605 zone.We anticipate a retracement back to 1.5435 zone, where we can look for bullish setup to join the existing bullish trend.A close above 1.5605 zone will open the way for the testing of the key rtesistance zone 1.5751.
AUD/USD
AUD/USD moved up modestly today,but ended the day withing the slope of the EMAs.At this point we forsee a bullish continuation of this pair to 0.9322 zone where we can look for bearish setup to trade in line with the dominant bearish run.
EUR/AUD
EUR/AUD rotated lower today.The rotation was kick started by the bearish pin bar that was formed on Monday of this week.Given the counter trend nature of the pin , we are more cautious in trading this setup.We are expecting the bearish run to continue to the next support zone between 1.445-1441
USD/CAD
USD/CAD retraced aggressively today after yesterday unconvincing break/false break of horizontal resistance zone of 1.0421 zone.The next support level is around 1.0244 area.
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