AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD
Index, and Oil.
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USD
strength prevailed after a strong US ISM Manufacturing PMI data release last
night.
Read
the updated analysis below:
·
AUDJPY has
closed above the 93.00 level.
·
AUDUSD has
rejected and closed below the 0.7200 level.
·
EURJPY has
closed above 138.31 last month’s high.
·
EURUSD has
declined back down to the 1.0635 monthly support level.
·
GBPJPY has
rallied back to the 163.06 monthly resistance level.
·
GBPUSD has
declined down from the 1.2638 daily resistance level. A double top pattern may
now be forming.
·
NZDJPY
has
rallied back to the 84.24 daily resistance level.
·
NZDUSD
has
declined down from the 0.6527 monthly resistance level. A double top pattern
may now be forming.
·
USDCAD has
found support at 1.2659 the weekly 62% fib retracement level.
·
USDJPY has closed above the 129.77 daily resistance
level.
·
USD Index
remains positive for the week trading back towards the 103.81 monthly
resistance level.
·
Oil has
rejected the 114.44 major monthly resistance level.
This article
was written by Duncan Cooper – Senior Market Strategist & Trading Mentor.
This content
may have been written by a third party. ACY makes no representation or warranty
and assumes no liability as to the accuracy or completeness of the information
provided, nor any loss arising from any investment based on a recommendation,
forecast or other information supplied by any third-party. This content is
information only, and does not constitute financial, investment or other advice
on which you can rely.