AUD/USD

The AUDUSD managed to break its upward trend line after retracing over 61.8% of the 350 pip bullish move earlier this month. The pair will look to retest the 0.7050 resistance level where bears will look to hammer prices lower in the direction of the recent trend. If prices hold here, we will see the pair drop to 0.7025, 0.7000 and 0.6980 as stops are triggered. However, should the 0.7050 be too much for bears to hold, we will see the bulls target 0.7075, 0.7100 and 0.7140.

AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.6884 0.6954 0.6990 0.7060 0.7096 0.7166 0.7202
WEEKLY 0.6726 0.6821 0.6953 0.7048 0.7180 0.7275 0.7407
MONTHLY 0.6358 0.6591 0.6838 0.7071 0.7318 0.7551 0.7798
 

EUR/USD

EURUSD experienced range bound trading, with 1.0940 providing the ceiling while 1.0900 provided the floor. The pair is in an upward channel and if bulls manage a break above 1.0940 with conviction, we could see a retest of the all mighty 1.0968 level. However, a more likely scenario is that bears will hold the 1.0920 level and look to close below the 1.0900 support zone which will see the 1.0875, 1.0850 and possibly the 1.0825 support level exposed.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0824 1.0853 1.0885 1.0914 1.0946 1.0975 1.1007
WEEKLY 1.0574 1.0680 1.0758 1.0864 1.0942 1.1048 1.1126
MONTHLY 1.0423 1.0567 1.0696 1.0840 1.0969 1.1113 1.1242
 

GBP/USD

GBPUSD has flattened out ahead of the 1.4440 resistance level after heavy buying has seen the pair retrace over 360 pips from its Jan 18 lows. A break above 1.4440 will open the way for 1.4500 and 1.4550. The more likely scenario is that bulls will begin taking profit as bears begin to re-enter to the downside with a break below 1.4400 expected to trigger stops with targets at 1.4350, 1.4300 and 1.4250.

GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.4214 1.4269 1.4337 1.4392 1.4460 1.4515 1.4583
WEEKLY 1.3456 1.3701 1.3837 1.4082 1.4218 1.4463 1.4559
MONTHLY 1.3215 1.3648 1.3946 1.4379 1.4677 1.5110 1.5408
 

CRUDE OIL

Crude slid further and traded over 12% down from this weeks highs before finding support at $30.50. The intraday trend remains short with the current correction expected to stumble at resistance waiting at $31, $32 and $33. Downside targets are at $30.50, $31 and $29.00.

CRUDE OIL

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 26.99 28.28 28.95 30.24 30.91 32.20 32.87
WEEKLY 24.73 26.99 30.30 32.56 35.87 38.13 41.44
MONTHLY 14.89 20.54 27.09 32.71 39.29 44.94 51.49