Market Notes:
As we’ll be technical this week, pay attention to these pairs:
AUD/JPY- AUD is a strongest currency of the day and JPY is a weakest. The pair has reached its downtrend resistance line. Breaking of 82 may lead toward 82.75.
EUR/GBP- The pair has reached its resistance at 0.90 yesterday and today it seems like the beginning of the downside movement toward 0.8850.
More technical notes in charts bellow.
Daily Trends* & Charts
*relevant for now
|
USD $
|
Weak
|
|
EUR €
|
Mixed trend
|
|
GBP £
|
Mixed trend
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|
JPY ¥
|
Weakest
|
|
AUD
|
Strongest
|
|
NZD
|
Strong
|
|
CAD
|
Weak
|
|
CHF
|
Strong
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USD/CAD- channel
After reaching 1.04 support line we’ll expect the pair to rebound to 1.0750.
However, weak dollar will lead to rise of the oil prices> this will cause to CAD strengthening> the support line will break.
GBP/JPY- triangle consolidation
Weak JPY may lead to a break of the resistance line. If it occurs, 149 is a next resistance. On the other hand, sudden strengthen of JPY (in case of stock market decline), and the pair may slide down to 140.
Watch the Fundamentals!
Yesterday– UK, Canada & Australia Bank Holiday
TODAY– US Consumer Confidence at 15:00 GMT.
Tomorrow– Swiss Economic Barometer at 10:30 GMT.
US PMI at 14:45 GMT.
Written by Finexo.com