From the FXWW Chatroom – Equities closed another positive day and with VIX below 20, the market is back to risk-on mode. We run light risk and we favour AUD higher after the RBA on hold o/n. We like to buy USDJPY on dips ahead of BoJ tomorrow and we still favor EURUSD lower. Light data ahead with US Trade Balance today.
{AU} AUDUSD Higher => Key levels: AUD resistance stays at 0.7155/80 and 0.7200 above while support stays at 0.7040.
{JN} USDJPY Higher=> We like to buy the pair on dips ahead of BoJ. Key levels: 119.85 and 118.60 on the downside while first resistance stays at 121.00 and 121.75 above.
{EU} EURUSD Lower => We like to fade rallies as equity rebounds. Key levels for the session: support at 1.1114 and 1.1088 below while resistance is at 1.1240 and 1.1290.
{NZ} NZDUSD Higher => Kiwi resistance stays at 0.6532 and 0.6767 with support at 0.6465.
{GB} GBPUSD Neutral => We see Cable support at the weeks close 1.5107 below, with resistance at 1.5241. EURGBP 0.7356 – 0.7442
{CA} USDCAD Neutral => Key levels for the session: Resistance at 1.3353 with support at 1.3013 and 1.2880.
View further market information on Trader Views in the FXWW Chatroom with a free trial.