Aggressive selling was observed on AUD/USD yesterday. I will look for entry points into short positions today. I am going to sell in case of breakthrough and local retest of the 0.7400 support level. Potential movement - to 0.7365.
The most important data on the US economy, a report on the labor market will be released at 15.30 today (GMT + 2: 00). I do not usually open transactions during such events. So, I’m going just to watch the market. I indicate the key support/resistance levels and see how the currency pairs react to them. So, trading work will wait on Monday. Wish you all profits, dear friends! EUR/USD support - 1.0645 resistance - 1.0680 USD/JPY support - 113.90, 113.20 resistance - 114.70
We can see the correction on GBP/USD. I’m going to look for entry points for opening long positions. An optimistic data on business activity in the country supports the pound. I would buy GBP/USD after the breakthrough and retest of the 1.2735 resistance level. Potential movement - to 1.2775.
The main currency pairs opened with a gap today. I’d buy NZD/USD towards the gap closing. I’ll look for the point of entry into the market after the breakthrough and retest of the 0.7110 level. Potential movement - to 0.7145.
AUD/USD is currently trading near a "mirror" support level (0.7440). I would buy after the breakthrough and retest of the 0.7460 mark. Potential movement - to 0.7490.
Aggressive buying was observed on EUR/USD yesterday. The currency has significantly grown. I plan open positions to the side of the current ascending trend on the H1 time frame. I would buy EUR/USD after overcoming the local resistance level (1.0785). If the price will adjust to the 1.0665-1.0685 demand zone, I’ll also look for entry points for opening long positions
The Aussie fell because of weak data on GDP during the Asian session. I plan to open a deal towards the current market trend (H1 time frame). I will sell after the breakthrough and retest of the 0.7420 support level. Potential movement - to 0.7390.
I’m going to sell USD/CAD today. An entry point into the market should be looked for after the breakthrough and price fixing below 1.3275. Potential movement - to 1.3225.
GBP/USD restrained the 1.2560-1.2585 demand zone yesterday. Pound played most of the losses. I would buy after the breakthrough and retest of the1.2660 local resistance level. Potential movement - to 1.2735. The potential profit will be fixed by parts.
The ECB meeting will be held today. I won’t open any positions before some decision on the interest rate of the Central Bank will be made. For myself, I highlighted the key levels on EUR/USD: support - 1.0735, 1.0710 resistance - 1.0785 I’ll watch how the price reacts to them.