( 1.1910 - 1.1880 ) - Strong resistance poses a serious challenge to the upside momentum. odds of a downturn near 1.1800 can't be rule out.
The corrective pull back will have to cross 1.1920 to convince buyer for another battle.
resistance confluence 1827-1832, poses a serious challenge to the down side momentum. if have a fail beak out at here,
a opportunity for seller, target 1805 or 1785. Opposite this resistance is broken out, buyer may be continue long Gold, 1875- 1850 become crucial level to watch
USD/CAD defends 1.2600 amid downbeat oil prices, sluggish markets. USD/CAD holds onto the previous day’s recovery from a fortnight low while picking up bids to 1.2617 during Wednesday’s Asian session.
=> Moving on, US employment-related data and ISM Manufacturing PMI for August will be important for the near-term market direction ahead of Friday’s jobs report.
130 - 130.33 is strong resistance zone that poses a serious challenge to upside momentum. Seller may soon return if the pair have a fail break out.
=> May be short at price 130 or 130.33. target 129.20 or 128.50. Stoploss 130.60.
Gold consolidates the heaviest daily jump in two weeks around monthly top. Fed Chair Powell teased tapering but timing, rate hike concerns favored bulls on Friday. XAU/USD could target $1,830 next ahead of NFP
+ gold keeps upside break of the key 1,808-10 support confluence, previous resistance.
+ However, any further upside will be challenged by the last month’s...
AUD/USD extends Friday’s run-up, the biggest since early June while refreshing a fortnight high around 0.7320, up 0.08% intraday.
+ Australia Company Gross Operating Profits jump 7.1% in Q2.
+ A weaker US dollar, as courtesy of the dovish Fed Chair Powell last Friday.
AUD/USD buyers are on the way to the monthly top surrounding 0.7430 but 0.7360 - 0.7390 may...
The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.”
The price has already retested support on an hourly basis, so there...
Need to carefully observe the important support zone 1772 - 1882. Will this zone be broken or not.?
+ If there is a bullish signal, it is possible to buy in this zone, stoploss 1769, take profit 1808.
+ If this zone is broken out, the price can fall to the next support areas 1758 and 1738 before possibly turning uptrend again.
USD/JPY appears to be stuck in a narrow range 109.3 - 110.3.
USD/JPY may continue to consolidate ahead of the Kansas City Fed Economic Symposium scheduled for August 26 – 28 amid the ongoing weakness in longer-dated US Treasury yields. USDJPY may track sideways ahead of the Fed symposium amid the ongoing weakness in US Treasury yields.
=> If price break out are...