AUD/USD Falls To 6-Year Low, EUR/USD Extends Gains

AUD/USD

Market Scenario 1: Long positions above 0.7341 with targets at 0.7401 and 0.7498.

Market Scenario 2: Short positions below 0.7341 with targets at 0.7244 and 0.7184.

Comment: The pair fell to 6-year low as the devaluation of yuan continued to weigh.

Supports and Resistances:

R3 0.7558

R2 0.7498

R1 0.7401

PP 0.7341

S1 0.7244

S2 0.7184

S3 0.7087

EUR/JPY

Market Scenario 1: Long positions above 137.77 with targets at 138.75 and 139.35.

Market Scenario 2: Short positions below 137.77 with targets at 137.17 and 136.19.

Comment: The pair has a bullish tone and trades near 138.50 level.

Supports and Resistances:

R3 140.33

R2 139.35

R1 138.75

PP 137.77

S1 137.17

S2 136.19

S3 135.59

EUR/USD

Market Scenario 1: Long positions above 1.1030 with targets at 1.1100 and 1.1158.

Market Scenario 2: Short positions below 1.1030 with targets at 1.0972 and 1.0902.

Comment: The pair extends its gains ahead of Eurozone's Industrial Production Data.

Supports and Resistances:

R3 1.1228

R2 1.1158

R1 1.1100

PP 1.1030

S1 1.0972

S2 1.0902

S3 1.0844

GBP/JPY

Market Scenario 1: Long positions above 194.59 with targets at 195.21 and 195.60.

Market Scenario 2: Short positions below 194.59 with targets at 194.20 and 193.58.

Comment: The pair dropped and tries to break below pivot point 194.59.

Supports and Resistances:

R3 196.22

R2 195.60

R1 195.21

PP 194.59

S1 194.20

S2 193.58

S3 193.19

GBP/USD

Market Scenario 1: Long positions above 1.5580 with targets at 1.5607 and 1.5642.

Market Scenario 2: Short positions below 1.5580 with targets at 1.5545 and 1.5518.

Comment: The pair hits fresh session highs near 1.5580 level.

Supports and Resistances:

R3 1.5669

R2 1.5642

R1 1.5607

PP 1.5580

S1 1.5545

S2 1.5518

S3 1.5483

USD/JPY

Market Scenario 1: Long positions above 124.94 with targets at 125.37 and 125.63.

Market Scenario 2: Short positions below 124.94 with targets at 124.68 and 124.25.

Comment: The pair extends its losses after the BoJ Minutes.

Supports and Resistances:

R3 126.06

R2 125.63

R1 125.37

PP 124.94

S1 124.68

S2 124.25

S3 123.99

GOLD

Market Scenario 1: Long positions above 1106.80 with targets at 1120.40 and 1132.60.

Market Scenario 2: Short positions below 1106.80 with targets at 1094.60 and 1081.00.

Comment: Gold prices almost reached 3-week high as weaker yuan hits equities.

Supports and Resistances:

R3 1146.20

R2 1132.60

R1 1120.40

PP 1106.80

S1 1094.60

S2 1081.00

S3 1068.80

CRUDE OIL

Market Scenario 1: Long positions above 43.76 with targets at 44.83 and 46.41.

Market Scenario 2: Short positions below 43.76 with targets at 42.18 and 41.11.

Comment: Crude oil prices continued to fall as China let yuan slide for a second day.

Supports and Resistances:

R3 47.48

R2 46.41

R1 44.83

PP 43.76

S1 42.18

S2 41.11

S3 39.53

USD/RUB

Market Scenario 1: Long positions above 62.425 with targets at 64.293 and 65.373.

Market Scenario 2: Short positions below 62.425 with targets at 61.344 and 59.477.

Comment: The pair advanced near resistance level 64.293.

Supports and Resistances:

R3 68.321

R2 65.373

R1 64.293

PP 62.425

S1 61.344

S2 59.477

S3 56.529