GBPJPY is approaching its resistance at 138.53 (100% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 137.05 (76.4% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 93% where a corresponding reversal is expected.
AUDNZD is testing its resistance at 1.0552 (61.8% & 100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where it is could reverse down to its support at 1.0520 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
USDJPY is approaching its resistance at 109.02 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 108.00 (Horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal is expected.
AUDUSD is approaching its support at 0.6964 (100% Fibonacci extension , 38.2% & 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 0.7018 (76.4% Fibonacci retracement , horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 3.5% where a corresponding bounce could occur.
USDCAD is testing its support at 1.3257 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.3362 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 1.3% where a corresponding bounce could occur.
AUDUSD is approaching our first resistance where we might be seeing a further drop to our first support level. Stochastic is approaching resistance as well.
EURGBP reversed off our first resistance where we might see a further drop to our first support level. Stochastic is also approaching our first resistance as well.
GBPJPY is facing bearish pressure from our breakout level where we might see a further drop to our first support level. Stochastic is also approaching resistance where we might see a corresponding drop in price.
EURUSD is approaching our first support where we might see a corresponding bounce in price to our first resistance level. Stochastic is approaching our first support level as well.
AUDUSD reversed off our first resistance where we might see a further drop to our first support level. Stochastic is also approaching resistance where we might see a drop below this level.
EURCAD is approaching its resistance at 1.5155 (100% Fibonacci extension, 78.6% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 1.5073 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 94% where a corresponding reversal is expected.
GBPAUD is approaching its support at 1.8131 (100% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.8286 (23.6% Fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 4.2% where a corresponding bounce could occur.
CADCHF is approaching its support at 0.7384 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7478 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 3.13% where a corresponding bounce could occur.
AUDCAD is approaching its resistance at 0.9396 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it is could reverse down to its support at 0.9324 (38.2% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
AUD/USD:
In the early hours of Monday, the commodity-linked currency derived fresh impetus from better-than-expected Caixin PMI data out of China. Further buying materialised in US trade as unearthed speculations of a Fed rate cut on the back of comments from Chicago Fed President Bullard.
Although market participants are looking to the RBA today, the technical...
