GBPUSD bounced off its support at 1.25640 where it could potentially rise further to 1.26027.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is expected to drop to 1st support at 1.30410 where it could potentially react off and up to 1st resistance at 1.30954.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDNZD expected to rise up to 1st resistance at 1.05065 where it could potentially react off and drop down to 1st support at 1.04653.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD bounced off its support at 1.30664 where it could potentially rise further to 1.31434.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD is approaching its resistance at 0.67146 where it is could reverse down to its support at 0.66602.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUDUSD expected to rise up to 1st resistance at 0.70604 where it could potentially react off and drop down to 1st support at 0.70130.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
AUD/USD:
The Australian dollar gathered momentum for a second consecutive day Wednesday, consequently dethroning the key figure 0.70 to the upside and printing fresh 8-week highs. Lower US Treasury yields coupled with improved risk appetite allowed the H4 candles to close within striking distance of May’s opening level at 0.7041.
With buy stops likely triggered...
AUDCAD is approaching its resistance at 0.92142 where it is could reverse down to its support at 0.91288.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADJPY bounced off its support at 82.048 where it could potentially rise further to 82.446.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF is expected to drop to 1st support at 0.98101 where it could potentially react off and up to 1st resistance at 0.98869.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURUSD reversed off its resistance at 1.13090 where it could potentially drop further to 1.12536.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHFJPY bounced off its support at 109.767 where it could potentially rise further to 110.286.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURGBP is expected to drop to 1st support at 0.88747 where it could potentially react off and up to 1st resistance at 0.89861.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
NZDUSD bounced off its support at 0.66727 where it could potentially rise further to 0.67211.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCAD is approaching its resistance at 1.31518 where it is could reverse down to its support at 1.31049.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XAU/USD (GOLD):
Improved market sentiment weighed on safe havens Monday, with bullion slipping more than 1.80% vs. the US dollar. As highlighted above, Markets were buoyed after the US agreed to resume trade talks with China and hold off on additional tariffs on $300 billion of Chinese imports.
For traders who read Monday’s report you may remember the...
USD/CHF:
Boosted by improved market sentiment – risk on after the US and China agreed to resume trade talks and suspend any further tariff hikes at the G20 summit at the weekend – the US dollar gathered steam against its Swiss counterpart as demand for safe-haven assets diminished.
From the weekly timeframe, we can see that price action respected the 2018...
XAUUSD is expected to drop to 1st support at 1355.51 where it could potentially react off and up to 1st resistance at 1397.56.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
