DOLLAR INDEX
The dollar index has broken below the 105.70 level, in which case it may decline to support areas around 104.75. This scenario would be invalidated by a re-break above 105.70.
|
Support |
104.75 | 104.50 | – | |||
| Resistance | 105.70 | 106.30 |
106.70 |
|||
EURUSD
Prices are trading below resistance levels in the range of 1.0740. If this area is breached to the upside, we may target 1.0860. However, it is likely that selling pressure will emerge around the 1.0740 level, leading to another decline in prices.
|
Support |
1.0660 | 1.0630 | 1.0600 | |||
| Resistance | 1.0720 | 1.0750 |
1.0850 |
|||
GBPUSD
The GBP/USD pair is trading below resistance levels in the range of 1.2470. If this area is breached to the upside, we may target 1.2530. However, it is likely that selling pressure will emerge around the 1.2470 level, leading to another decline in prices.
|
Support |
1.2380 | 1.2300 | 1.2240 | ||
| Resistance | 1.2480 | 1.2550 |
1.2580 |
||
USDJPY
Prices are moving upwards on the medium-term horizon, which opens the door to reaching new highs. However, if the support zone at $154.70 is breached downwards, we may retest the $153.85 area.
|
Support |
154.55 | 153.85 | 152.85 | |||
| Resistance | 155 | 155.5 |
156 |
|||
GOLD
Prices rebounded higher from the $2,300 level. It is likely that we will see sideways trading today between the resistance and support zones at $2,330 and $2,300 respectively.
|
Support |
2300 | 2275 | 2265 | |||
| Resistance | 2330 | 2355 |
2400 |
|||
NASDAQ
Nasdaq bounced higher from support levels around $17,000, as anticipated, aiming for the resistance zone at $17,450. Prices surged beyond that, suggesting a potential target of $17,850.
|
Support |
17400 | 17180 | 17000 | |||
| Resistance | 17600 | 17800 |
17850 |
|||
