OVERVIEW => Yday the USD rose across the board, except vs EUR, in a volatile session that saw EMFX plunge on continued China growth concerns following last night’s Caixin PMI print. Today focus on US Durable Goods and Yellen. We like to see AUD lower and USDCAD higher.
{AU} AUDUSD Lower => We like the pair lower. Key levels for the session: AUD resistance at 0.7075 and 0.7160 while support stays at 0.6982 and 0.6892.
{CA} USDCAD Higher => We like the pair higher. Key levels: Resistance at 1.3353 with support at 1.3220 ahead of 1.3160/55.
{GB} GBPUSD Neutral => We remain neutral at current juncture with levels: 1.5165 and 1.5221 the support, resistance broken support of 1.5330. EURGBP 0.7240/60 – 0.7360
{NZ} NZDUSD Neutral => Kiwi resistance stays at 0.6390 with support at 0.6244 and 0.6200.
{EU} EURUSD Neutral => Key levels: resistance at 1.1255 while support stays around 1.1125 (55dma) and 1.1000.
{JN} USDJPY Neutral => Key levels for the session: on the downside 119.70/80 and then 118.90/119.05 while 121.00/30 is still the resistance above on the run to 121.70/80
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