Aggressive buying was observed on USD/CAD yesterday. The currency broke the 1.3550 resistance level and fixed above it. I plan to look for the entry points in the current trend’s direction. I’ll buy USD/CAD after the breakout and retest of the 1.3580 mark. Potential movement - to 1.3625.
I look for shorts on GBP/USD today. The currency overcame the 1.2230 local support level. I will sell after the retest of this level. Potential movement - to 1.2175. I plan to accompany this position with a trailing stop.
Aggressive selling was observed on EUR/USD yesterday. At the moment, the currency has reached 61.8-78.6% of the correctional area. The BEOVB pattern, which often acts as a reversal formation, has formed on the H1 chart. I will sell EUR/USD after the breakout and retest of the 1.0440 mark. Potential movement - to 1.0400.
An interesting technical picture formed on USDJPY. Yen broke and was fixed below the 116.50 resistance level. The US dollar is under pressure due to weak statistics on the real estate market and a decrease in government bond yields. I’ll sell after the retest of the 116.50 level. Potential movement - to 115.95.
The US dollar weakened significantly against other major currencies during the Asian session. In my opinion, there is an interesting technical picture on AUD/USD. Currency overcame the local support level (0.7225). I’m going to sell AUD/USD after the retest of this level. Potential movement - to 0.7195.
The GBP/USD currency pair has reached the local support level (1.2270) at the moment. I’ll look for longs on the Pound today. I’ll buy after the breakout and retest of the 1.2290 mark. Potential movement - to 1.2325.
An interesting technical picture has formed on EUR/USD. The Euro held the local resistance level (1.0485). We can speak of the power sellers at the moment. I plan to sell EUR/USD after the breakout and retest of the 1.0450 mark. Potential movement - to 1.0390.
I can identify the key support level (1.3405) on USD/CAD. The Canadian dollar tested this level for several times. I expects the growth of USD/CAD quotes. I’d buy after the breakout and retest of the 1.3440 local resistance level. Potential movement - to 1.3475.
AUD/USD is currently trading near the 0.7245 resistance level. I expect the development of an upward trend. I would buy AUD/USD after the breakout and retest of the 0.7245 resistance level. Potential movement - to 0.7290.
An interesting technical picture appeared on USD/JPY. The yen kept the 118.15-118.30 local offer area. I believe that a downward trend may develop soon. I plan to sell it, if the price consolidates below 117.85. Potential movement - to 117.30