EUR/USD - European Session
The pair moved to the upside and is trading around 1.2470, as breaching 1.2500 and stabilizing above it halts the negative expectations that indicated the possibility of moving to the downside. A break below 1.2400 confirm these expectations and favors extending the downside move to retest 1.2360 levels. If the pair broke 1.2360 and stabilized below it, this will trigger a new bearish wave targeting 1.2305 and 1.2275.
GBP/USD - European Session
The pair is still trading within a tight range showing on graph, and is affected by the positivity of RSI and MACD, but we will keep our bearish expectations unless the pair breached 1.5730, which will lead to 1.5890 levels mainly. A break below 1.5660 then 1.5590 achieves the targets starting at 1.5500 then 1.5425.
USD/JPY - Technical Report
The pair continued trading around 117.85, and stabilizing above it support the positive expectations to retest 119.00 levels. If the pair breached the referred to level and stabilized above it, this will extend the upside move to target 112.80 and 121.70, while breaking 116.50 threatens to fail the suggested expectations.
USD/CHF - Technical Report
The pair dropped and broke 0.9635 halting our positive expectations, while breaking 0.9615 and stabilizing below it favors extending the downside move targeting 0.9540 and 0.9480. Breaching 0.9685 threatens the suggetsed expectations and reactivates the positive expectations again.
USD/CAD - Technical Report
The pair dropped and stabilized again below 1.1265 represented in 23.6% correction as showing above. Trading below the referred to level is negative; meanwhile, the pair should confirm breaking 1.1205 to confirm extending bearishness.
Generally, we prefer to remain intraday neutral to monitor the pair's movements between 1.1205 and 1.1265.
AUD/USD - Technical Report
The pair moved slightly to the upside and is trading around 0.8550. Breaking the latter and stabilizing below it favors extending the downside move targeting 0.8500 and 0.8400, as trading below 0.8600 is negative and support the suggested expectations. A break above 0.8625 threatens to fail the suggested expectations.
NZD/USD - Technical Report
The pair is trading in a bullish bias to test the pivotal resistance 0.7855, as the pair should stabilize below this level to keep the downside move valid today, and a break below 0.7820 pushes the pair towards 0.7780 then 0.7735. Breaching 0.7855 extends the current bullishness towards 0.7900 then 0.7975.
