From the FXWW Chatroom – Risk assets show a complete reversal of yesterday’s price action with Antipodeans now the biggest outperformers. We remain short AUDUSD and are bearish EURUSD. Looking at data today, we have UK GDP, EA CPI, EA Unemployment Rate, US ADP Employment Change and Canada GDP.
{AU} AUDUSD Lower => We continue to like the pair lower. Key levels for the session: AUD resistance at 0.7040 while support is at 0.6935/40 and then 0.6892 below.
{CA} USDCAD Higher => We favour buying the pair on dips ahead of GDP today. Key levels: Resistance at 1.3457/67 with support at 1.3319 and then 1.3290.
{EU} EURUSD Lower => Key levels for the session: support at 1.1130 and then 1.1087 below while resistance is at 1.1320.
{JN} USDJPY Neutral => Key levels: 119.25 on the downside with 120.15 and then 120.50 on the upside.
{GB} GBPUSD Neutral => Key levels: Yesterday’s low of 1.5128 as the support with 1.5205 as the resistance. EURGBP 0.7380– 0.7437.
{NZ} NZDUSD Neutral => Kiwi resistance at 0.6400 and then 0.6458 above with support at 0.6290 and then 0.6234/40 below.
{SZ} USDCHF Neutral => Key technical levels for the session: support at 0.9668 while resistance is at 0.9816.
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