EUR/USD

The pair continues to range after yesterday’s whipsawing and is tightening up as the pair prepares to break out. Key support is at 1.1200, which if bears manage to break will see the downside bias continue with targets at 1.1175, 1.1150 and 1.1125. While 1.1250 provides the upside boundary which if bulls manage to capture will see the pair return to its medium term bullishness with targets at 1.1275, 1.1300 and 1.1325.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.1145 1.1177 1.1205 1.1237 1.1265 1.1297 1.1325
WEEKLY 1.0945 1.1041 1.1137 1.1233 1.1329 1.1425 1.1521
MONTHLY 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Bulls staged a short term comeback as the retrace some of last week’s losses to finish the day at around the 1.3325 resistance level. As it stands, a higher high has been put in and the pair is likely to fall back to support before bulls look to retest the high. Support is at 1.3300, 1.3275 and 1.3250. To the upside, resistance is at 1.3350, 1.3375 and 1.3400.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.3148 1.3191 1.3265 1.3308 1.3382 1.3425 1.3499
WEEKLY 1.2973 1.3105 1.3186 1.3318 1.3399 1.3531 1.3612
MONTHLY 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

The pair found support at 0.7500 where bulls stepped up to the plate to defend the all-important handle and managing to sneak in a quick 50 pips to the upside. Currently the pair is testing support at 0.7525, which if bulls hold will see them retest 0.7550, which is the gate way to 0.7575, 0.7600. However, should bears capture 0.7525, we would see them retest the 0.7500 handle which if broken will see stops triggered as bears quickly capture 0.7475 and 0.7450.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7437 0.7464 0.7515 0.7542 0.7593 0.7620 0.7671
WEEKLY 0.7269 0.7401 0.7471 0.7603 0.7673 0.7805 0.7875
MONTHLY 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold continues to consolidate after its sharp decline last week and the same parameters remain. Should bulls capture 1330, we would see them target 1335, 1340 and 1345 as they look to retake the all-important 1350 level. However, should bears capture 1325, we would see more downside with targets at 1320, 1320 and 1315 as bears make their way to the 1300 handle.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1308.10 1314.00 1317.50 1323.40 1326.90 1332.80 1336.30
WEEKLY 1291.40 1307.30 1318.70 1334.60 1346.00 1361.90 1373.30
MONTHLY 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20