Please note that we have a lot of major news events this week so it’s going to be a very busy week of trading.
DXY
USD currently at the top of the range. Still room to move from a technical perspective. Key area to watch for a confirmed up-trend is 101.50.
AUDUSD
Tested the 0.72c handle and have come off it nicely. Look for intraday shorts to 0.6880 or 0.6750 at an extreme.
EURUSD
Look for shorts to 1.1200, followed but a test of that level.
GBPUSD
Keep an eye on key support level of 1.3100.
USDCAD
We’re still in that range. Look for a break of ~1.3900 on the back of a stronger USD to confirm an uptrend (circle).
USDCHF
A good long contender. Currently testing 0.7900.
NZDUSD
Look for 0.56-0.57c (circle).
USDJPY
Testing upper-range. Look for a test and potential break of long-term high around 162.0 (circle).
Disclaimer
The information provided in this article is for general informational and educational purposes only and does not constitute financial, investment or trading advice. The views expressed are the author’s opinions at the time of publication and may change without notice. They do not take into account your personal financial situation, objectives or risk tolerance.
Financial markets involve risk and past performance is not a reliable indicator of future results. Readers should conduct their own research and seek independent financial advice before making any investment or trading decisions.
The Venca Report accepts no liability for any loss or damage arising directly or indirectly from the use of the information contained in this publication.
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