AUDCHF is approaching its resistance at 0.73340 (50% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.7168 (100% Fibonacci extension, 38.2% Fibonacci retracement , horizontal swing low support). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
EURJPY reversed off its resistance at 129.30 (100% & 61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially drop further to its support at 128.84 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) reversed off near its resistance at 96% where a corresponding drop could occur.
EURGBP is approaching its resistance at 0.8927 (100% Fibonacci extensionx2, 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 0.8824 (38.2% Fibonacci retracement , horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
EURUSD is approaching its resistance at 1.1423 (76.4% & 61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 1.1350 (50% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal...
GBPAUD is approaching its support at 1.7478 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.7774 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing high resistance). Stochastic (34, 5, 3) is approaching its support at 4.2% where a corresponding...
EURAUD bounced nicely off its support at 1.5522 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5614 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is bounced off its support at 3.03% where a corresponding rise could occur.
CADCHF is approaching its support at 0.7470 (61.8% Fibonacci extension, 76.4% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7527 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 3.1% where a corresponding bounce could occur.
GBPJPY is approaching its resistance at 146.04 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop further to its support at 144.84 (61.8% Fibonacci retracement, horizontal swing low support). Stochastic (55, 5, 3) reversed off its resistance at 96% where a corresponding drop could occur.
USD/CHF:
Supported by a 161.8% H4 Fibonacci ext. point at 0.9995, H4 supply marked with a red arrow at 1.0007-0.9988, daily resistance plotted at 0.9986 and the RSI indicator running a divergence play, the market observed a strong selloff take shape from 1.0000 (parity) Wednesday on the back of comments from Fed Chair Powell regarding interest rates.
For those...
USDCAD is approaching its resistance at 1.3384 (100% Fibonacci extension, 76.4% & 50% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it could potentially reverse to its support at 1.3263 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its...
EURGBP is approaching its support at 0.8825 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.8876 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.4% where a corresponding bounce could occur.
EURCAD is approaching its support at 1.4967 (61.8%& 100% Fibonacci extension, 50% & 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.5079 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
AUDJPY is approaching its resistance at 82.35 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially drop further to its support at 81.91 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
USD/JPY:
Broad-based USD strength reinforced USD/JPY buying Tuesday, consequently recording its third consecutive daily gain and reaching highs of 113.84.
Despite recent upside pressure, the pair could be gearing up for a pullback according to the technical picture. Weekly supply at 115.50-113.85 elbowed its way into the spotlight yesterday, which, as is...
EURUSD is approaching its support at 1.1189 (100% & 61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.1374 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (89, 5, 3) is approaching its support at 1.2% where a...
AUDNZD is approaching its resistance at 1.0703 (100% Fibonacci extension, 61.8%, 23.6% & 32.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 1.0652 (horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal could occur.
AUDCHF is approaching its support at 0.71975 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7221 (50% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
NZDUSD is approaching its support at 0.6699 (100% & 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 0.6783 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 5.6% where a corresponding bounce could occur.
