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USD Technicals

Published 08/27/2018, 01:26 PM
Updated 07/09/2023, 06:31 AM
EUR/USD
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AUD/USD
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NZD/USD
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EUR/JPY
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XAU/USD
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DX
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GC
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USD

$ index appears to be breaking lower - it's unexpected but now the index is likely to target 9460, 9450 & 9420/10.
AUD/USD held 7345/55 but bottomed exactly at the 1st target 7310/00. Shorts at 7345/55 are now too risky & we are likely to break higher 7375 & to minor trend line resistance at 7385/90. We should struggle but the best selling opportunity is at 7420/30. Try shorts with stops above 7470.

NZD/USD selling opportunity at 6695/6705 offered just 20 pips profit today on the dip to 1st target of 6665/60. More likely to break above 6695/6705 now to target 2nd resistance at 6740/45. We should pause here but I think shorts are too risky now & a break higher eventually targets 6765, 6780 & 6795/6800.

EUR/USDthrough strong resistance at 1.1655/65 for a buy signal targeting 1.1740 & 1.1765/75.

EUR/JPY we wrote: hit targets of 129.00/05 & 129.25/30 as hoped. On further gains look for strong resistance at 129.55/65. Shorts need stops above 129.90. WE ARE BREAKING HIGHER NOW.

Gold surprisingly strong as we try a break back above 1206/08.

Global FX

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