EUR/USD - Technical Report
After touching the main rising trend line, the pair rose again. On the other hand, EUR/USD pair still trading below linear regression indicators. Trading below 1.1045 will keep the probability of breaching down 1.0800 support to resume the bearish wave started this week.
RSI14 indicator is trading below the 50.00 line resistance, and MACD indicator shows a weakness that support our expectations.
USD/JPY - Technical Report
The USD/JPY pair rose yesterday, breaching 119.65 to the upside. Moreover, the pair breached the main resistance of the down movement started at 122.00. On the other hand, USD/JPY pair still trading below 120.55 presented by 23.6% Fibonacci correction.
Therefore, we prefer staying aside today, as the conflict appears on indicators too, forcing us to avoid trading.
USD/CHF - Technical Report
The USD/CHF pair breached 0.9595 level to trade above it. On the other hand, trading above linear regression indicator 34 located at 0.9645 was not confirmed. Moreover, 0.9660 resistance level stopped the upside momentum yesterday.
One daily closing above 0.9595 is not enough for us to confirm bullishness and cancel our previous bearish expectation, especially without confirming a daily close above linear regression indicator 34. Thus, we will stay neutral today, waiting for more confirmations.
USD/CAD - Technical Report
The USD/CAD rose yesterday, however, it could not breach linear regression indicator 55 and declined again. Trading above 1.2400 will keep the probability of more bullish attempt, on the other hand, breaching up 1.2523 (yesterday’s high) is needed to confirm bullishness.
Therefore, we will place our long order above 1.2523 for today’s trading. From the downside, breaching 1.2400 will cause another down movement and cancel any intraday bullishness.
AUD/USD - Technical Report
The AUD/USD pair successfully traded above linear regression indicators 55 and 34 during the Asian session, suggesting more bullishness. MACD indicator did not confirm the bullishness, however, signal lines are approaching each other for a positive crossover attempt. RSI14 is facing 50.00 point resistance trying to breach it.
According to the previously mentioned technical facts, we believe that trading above 0.7600 will keep the probability of another up wave.
NZD/USD - Technical Report
The NZD/USD pair trying to rise again attempting to breach 0.7585 resistance. However, MACD indicator do not confirm a suitable bullish strength to confirm the pair’s ability of breaching that level. Therefore, we are forced to stay neutral for today’s trading, waiting to confirm breaching the aforesaid resistance 0.7585 or confirm failure of the breach.
From the downside, breaching down 0.7475 will cause another attempt to enter the down channel again.
