EUR/USD

The pair is trading below the daily and weekly pivot level and is currently testing support at 1.0859 after triggering stops at 1.0868. Bulls appear to be holding well and will look to close above this zone before driving for the 1.0892-1.0904 resistance area. A break above here would see bulls target 1.09223 and 1.0954 and ultimately the 1.1000 handle. Should bears manage a close below 1.0859, we would see them target 1.0835 and 1.0800 as they test the lower bound of its recent range.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.0857 1.0869 1.0892 1.0892 1.0903 1.0915 1.0926
DAILY 1.0787 1.0827 1.0860 1.0900 1.0922 1.0954 1.0982
WEEKLY 1.0633 1.0718 1.0817 1.0904 1.1001 1.1086 1.1185
MONTHLY 1.0058 1.0298 1.0579 1.0819 1.1100 1.1340 1.1621


GBP/USD

GBPUSD looked to test its 2010 lows of 1.4223 but was stopped just shy at 1.4236 before profit taking saw the pair climb to the 1.4300 resistance level. The trend is still pointing south with the hourly stochastic and RSI in oversold levels. Support lies at 1.4265, 1.4236 and 1.4223. Resistance is at 1.4300, 1.4323 and 1.4362.

​GBP/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1.4211 1.4225 1.4236 1.4250 1.4261 1.4275 1.4286
DAILY 1.4123 1.4178 1.4215 1.4270 1.4307 1.4362 1.4399
WEEKLY 1.3775 1.4011 1.4135 1.4371 1.4495 1.4731 1.4855
MONTHLY 1.4044 1.4383 1.4561 1.4900 1.5078 1.5417 1.5595


AUD/USD

The AUDUSD is seeing some strength after breaking to fresh yearly lows earlier in the week. Bears celebrated early in the week by taking out March 2009 lows and appear to have begun profit taking as they look to re position themselves in the down trend. Current resistance is at the 0.6915 zone, which if broken will see bulls try for 0.6950 and ultimately 0.7000 as they look to deepen the retracement in hopes of attracting more buyers. A close below 0.6900 will see bears begin to re-enter the game as they try to test new multi-year lows. 

​AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 0.6783 0.6811 0.6838 0.6866 0.6893 0.6921 0.6948
DAILY 0.6720 0.6773 0.6823 0.6876 0.6926 0.6979 0.7029
WEEKLY 0.6552 0.6688 0.6778 0.6914 0.7004 0.714 0.7230
MONTHLY 0.68919 0.6955 0.7118 0.7254 0.7417 0.7553 0.7716


​GOLD

Gold broke to the upside of the wedge, after finding support at 1085.00 and the bullish bias was confirmed by the 61.8% support zone holding up too. Further upside is expected with targets at 1093, 1097 and 1100. Should the precious metal break below 1087, we would expect further weakness as the retracement of last week’s move deepens. Support is expect at 1085, 1081 and 1077.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
INTRADAY 1083.86 1086.33 1088.36 1090.83 1092.86 1095.33 1097.36
DAILY 1086.80 1087.70 1089.00 1089.90 1091.20 1092.10 1093.40
WEEKLY 1039.96 1056.83 1074.16 1091.03 1108.36 1125.23 1142.56
MONTHLY 985.46 1015.83 1038.06 1068.43 109066 1121.03 1143.26