EURUSD: EURUSD has recovered till 1.1558 after making a low of 1.1395 yesterday. Overall trend is still bearish has long as short term resistance 1.1620 holds.
On the lower side major support is around 1.1395 (Yesterday’s Low) and nay break below targets 1.1340/1. pair’ further bullishness only above 1.1712 (24th Aug high).
AUDUSD:
Aussie recovered till 0.7248 yesterday after making a low of 0.7030. The pair has not able to hold on higher levels and started to decline from that level. It is currently trading at 0.7140.
Short term bullishness can be seen only above 0.7250 and break above targets 0.7300/0.7340.
On the lower side minor support is around 0.7090 and break below targets 0.7030/0.7000.
GBP/USD :
Cable has retreated after yesterday’s brief rise to 1.5818. It is currently trading at 1. pair’s major support is around 1.5600 and any break below confirms further weakness , decline till 1.5530 is possible .
Bearish invalidation only if it closes above 1.5800.
USD/CHF:
USD/CHF has recovered till 0.95048 after making a low of 0.92569. Overall trend is till weak as long as resistance 0.9510 holds.
The pair jumped till 0.94533 today morning and is currently trading at 0.9437 level.
The minor resistance is around 0.9460 and break above would extend gains till 0.9510/0.9550.
On the downside minor support is around 0.9380 and below that level will target 0.9340/0.9300.
USD/JPY:
USD/JPY has made a high of 120.38 yesterday and retreated till 118.43 today in Asian session.It is currently trading at 119.14. Overall trend is bullish as long as support 118 holds. Any further weakness can be seen only below 118 level. Any break below 118 will drag the pair further down till 117/116 in short term.
The pair is facing short term resistance around and any indicative break above would extend gains till 121/121.60.
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