EUR/USD

The pair experienced extreme volatility with highs of 1.1035 and lows of 1.0915 as it priced in the news flow of the day. Bears have since enjoyed the freedom below 1.0950, the key support area, taking out support at 1.0925 and 1.0900 as they look to head for 1.0875, 1.0850 and 1.0825. Resistance is at 1.0900, 1.0925 and 1.0950.

EUR/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1.0756 1.0835 1.0883 1.0962 1.1010 1.1089 1.1137
WEEKLY 1.0654 1.0810 1.0891 1.1047 1.1128 1.1284 1.1365
MONTHLY 1.0921 1.1020 1.1131 1.1230 1.1341 1.1440 1.1551
 

USDJPY

Bulls made a b-line for the 104.00 resistance level after positive USD data opened the way for them. Currently the pair is testing the 104.00 level with both sides looking to take control of this level, we could see some back and forth to 104.25 and 103.75 until a winner is determined. However, with the current edge belonging to the bulls the pair is still in an uptrend which may continue if bulls can hold at worst the 103.75 level otherwise bears might build more momentum and look to test 103.50 and below.

USDJPY

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 102.68 103.00 103.47 103.79 104.26 104.58 105.05
WEEKLY 101.24 102.01 103.10 103.87 104.96 105.73 106.82
MONTHLY 95.23 97.65 99.49 101.91 103.75 106.17 108.01
 

AUDUSD

The pair has reverted back to its H4 100 EMA after heavy profit taking post the 0.7730 print. With the medium term trend still bullish we are looking for the H1 to turn bullish off of support before entering long with targets at 0.7675, 0.7700 and 0.7725. However, should bears manage to capture 0.7600, we would have the trend change to neutral to bearish as bears try to attract more seller with potential targets at 0.7575, 0.7550 and 0.7525.

AUD/USD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 0.7465 0.7541 0.7584 0.7660 0.7703 0.7779 0.7822
WEEKLY 0.7378 0.7441 0.7531 0.7594 0.7684 0.7747 0.7837
MONTHLY 0.7185 0.7312 0.7488 0.7615 0.7791 0.7918 0.8094
 

GOLD

Gold found resistance just short of the 1275 resistance level as we see the precious metal retrace to the 1260 support level where more buyers have been waiting. Should bulls retake 1265, we would see them target 1270, 1275 and 1280. On the other hand, if bears take out 1260, we would see them target 1255, 1250 and 1245.

GOLD

TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
DAILY 1258.90 1262.20 1263.90 1267.20 1268.90 1272.20 1273.90
WEEKLY 1239.20 1244.90 1249.00 1254.70 1258.80 1264.50 1268.60
MONTHLY 1244.04 1272.77 1293.04 1321.77 1342.04 1370.77 1391.04