NZDJPY is testing its resistance at 74.09 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 73.07 (61.8% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
USDJPY is testing its resistance at 111.38 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 110.09 (61.8% Fibonacci retracement, horizontal swing low support) is expected.
Stochastic (55, 5, 3) is testing its resistance at 97% where a corresponding drop is expected.
USDCAD is approaching its resistance at 1.3116 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could reverse down to its support at 1.3055(50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal could occur.
AUDNZD is approaching its support at 1.0920 (76.4%, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where price could bounce up to its resistance at 1.1043 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 6.1% where a corresponding bounce could occur.
EURAUD approaching its resistance at 1.5891 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.5730 (50% Fibonacci retracement).
Stochastic (89, 5, 3) reversed off its resistance at 99% where a corresponding drop could occur.
EURUSD reversed off its resistance at 1.1629 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 1.1442 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
GBPUSD reversed off its resistance at 1.2925 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where could drop further to its support at 1.2804 (50% Fibonacci retracement).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
EURCHF reversed off its resistance at 1.1421 (38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.1264 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off near its resistance at 96% where a corresponding drop could occur.
EURAUD is testing its resistance at 1.5731(61.8% & 100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.5597 (61.8% Fibonacci retracement) could occur.
Stochastic (55, 5, 3) is testing its resistance at 92% where a corresponding drop could occur.
AUDUSD is testing its resistance at 0.7374 (61.8% Fibonacci extension, 61.8% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7283 (61.8% Fibonacci retracement) is expected.
Stochastic (55, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected. We have also identified a bearish...
NZDJPY is testing its resistance at 74.09(61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 73.07(61.8% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
CADCHF is approaching its support at 0.7544 (61.8% & 100%Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7592 (61.8% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
For those who read Tuesday’s technical briefing you may recall the team highlighted the 161.8% H4 Fib ext. at 109.80 as a possible buy (in the technical domain, this is considered an ‘alternate AB=CD pattern’ ). We liked this level due to the following:
• Fused closely with a H4 channel support (taken from the low 110.73).
• Weekly movement, as you can see,...
USDCAD is testing its support at 1.3033 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.3114 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is testing its support at 3% where a corresponding bounce could occur.
AUDJPY is testing its resistance at 80.79 (23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 79.85 (100% Fibonacci extension, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
AUDUSD is testing its resistance at 0.7349 (100% Fibonacci extension, 61.8% & 50% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 0.7284 (50% Fibonacci retracement, horizontal overlap support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD is testing its resistance at 1.1523 (61.8% Fibonacci extension, 61.8% & 50% & 38.2% Fibonacci retracement, horizontal overlap resistance) where a reversal to its support at 1.1400 (61.8% Fibonacci retracement, horizontal swing low support) could occur.
Stochastic (55, 5, 3) has reversed off its resistance at 97% where a corresponding drop could occur.
EURUSD reversed off its resistance at 1.1440 (38.2% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it could drop further to its support at 1.1301(horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop could occur.
