The yen and franc retreated on fears of intervention of Japan and Switzerland Central Banks.
Asian and European trading sessions:
Euro: The EUR/USD pair showed its lows at $1.4343 before recover up to $1.4415.
US Dollar: On Monday the American currency strengthened against its rivals, however, the increase of the dollar was limited. The speculations regarding the possibility that the third round of quantitative easing would be introduced during the conference on August 26, pressured the greenback.
During the European trading session the greenback fell against major currencies against the strengthening of European stock markets, which reduced demand for the save-haven currencies.
British Pound: The GBP/USD pair traded in the range of $1.6461 – $1.6513.
Japanese Yen: The Yen stepped back from its record Friday’s highs on fears that the Central Bank of Japan would conduct intervention in the currency market for the purpose of the limitation of an increase of the National currency.
The USD/JPY pair dropped to the Y76.70 level.
Swiss Franc: Under the pressure of the possible intervention to limit the growth of national currency, the Swiss Franc weakened and traded in the range of 0.7840-0.7850.
American trading session:
Gold: The Gold grew to the $1891.92 mark per ounce.
Oil: Today the oil reached the $84.81 maximums.
Technical analysis for 23/08
EURUSD
The key level for the pair is 1.40690, if this level is broken the pair will decline to Fibonacci 61.8% at 1.38867. If the pair breaks 1.44406 the pair will rise to 1.46222.
Resistance: 1.44400, 1.46222, 1.47342
Support: 1.42996, 1.41780, 1.40690
GBPUSD
The pair has returned to support level at 1.64636.
Resistance: 1.65706, 1.67165, 1.68756
Support: 1.64636, 1.63316, 1.62050
USDCHF
The pair’s resistance is 0.80313, support 0.77849.
Resistance: 0.80313, 0.81356, 0.82483
Support: 0.79115, 0.77849, 0.76605
USDJPY
The pair has declined to the next support level at 76.463. If this level is broken the pair will decline to 75.425.
Resistance: 77.539, 78.345, 79.070
Support: 76.463, 75.425, 74.414
AUDUSD
The pair is trying to recover. Strong resistance maybe met at the median line 1.06164.
Resistance: 1.04407, 1.05332, 1.06164
Support: 1.03535, 1.02558, 1.01744