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FW: FX Majors Overview

Published 09/26/2018, 05:55 AM
Updated 05/14/2017, 06:45 AM

EUR/USD Daily

  • An inverted head and shoulders pattern projects a target near the March lows.
  • Consolidating above the 1.1710/33 highs, a viable zone of support above the neckline.
  • The bearing engulfing candle high at 1.1852 is an important resistance level for bulls to conquer.

EURUSD Daily Chart

USDJPY

  • After reaching our target near the July high, there’s potential for a pause in trend.
  • Although we favour an eventual break higher, we’d like to see support build above the 112.04/15 zone.
  • A break above 113.17 brings 113.75 into focus.

USDJPY Daily Chart

AUD/USD Daily

  • Coiling between a bearish channel and support nearby.
  • 0.7229/38 is a key support level for bulls to defend, a break of which brings 0.7142 into view.
  • A break above 0.7304 invalidates the bearish channel, warns of a trend change and targets 0.7382.

AUDUSD Daily Chart

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