Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD Daily
View unchanged from this morning with trade firmer within the larger 7-week triangular consolidation and eyeing the 1.0968 hurdle and break will trigger a bullish breakout of this formation and expose more mileage on the upside. Only setback below 1.0886 support to ease upside pressure. [W.T]
EUR/CHF Daily
Attempt to push above the strong resistance at 1.1166 failed last session and lower closing in the appearance of yet another Shooting-star and overbought posture on daily tools are making bulls wary at current height and need a downside break of 1.1050 support to trigger a strong corrective pullback. [W.T]
USD/CHF Daily
Sustaining above the 1.0110 support is keeping the broader upmove from .9881 low in play and an upside lift above 1.0257 resistance will help bulls garner stronger momentum towards strong barrier at 1.0328. [W.T]
GBP/USD Daily
Despite the move above 1.4445 hurdle last session, lack of follow-through on the upside is settling prices into consolidation and a downside break of 1.4327 support will tilt pressure lower to 1.4150 then stronger 1.4080. Swift lift above yesterday's high of 1.4446 needed to revive corrective upmove. [W.T]
USD/JPY Daily
Sharp reversal from last week's high of 121.70 is helping to retain downside pressure and further enforced by the negative crossing seen on daily Stochastic and eyes deeper support at 119.07. [W.T]
EUR/GBP Daily
Sustaining above the .7526 pullback low is keeping consolidation in play with resistance seen at .7623 and lift above latter will help bulls regain footing to .7666 and break to expose strong barrier behind at .7756. [W.T]
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Gold retreats to $2,370 as US yields push higher
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
XRP struggles below $0.50 resistance as SEC vs. Ripple lawsuit likely to enter final pretrial conference
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US outperformance continues
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