EUR/USD
EUR
The pair has been trading narrowly following the sharp upside movements seen on Friday. It is still trapped below 1.30 psychological level which also represents a previous solid support. Anyway, we suggest potential breakout above the 1.30s due to the positive effect of the weekly candlestick as we discussed in our weekly report. On the downside, clearing 1.2825 will change these expectations.

The trading range for today is among key support at 1.2790 and key resistance at 1.3070.

The general trend over short term basis is to the downside targeting 1.1865 as far as areas of 1.3550 remain intact.

Support 1.2935 1.2915 1.2890 1.2845 1.2825
Resistance 1.2975 1.3000 1.3055 1.3070 1.3110
Recommendation Based on the charts and explanations above our opinion is, buying the pair above 1.2995 targeting 1.3140 and stop loss below 1.2860 might be appropriate.

GBP/USD
GBP
The pair has been trapped between the falling trend line from 1.6310 zones and the psychological level of 1.60. The contradiction between technical indicators in addition to the strength of the resistance line of the downside channel force us to stand aside at least over intraday basis.

The trading range for today is among key support at 1.5850 and key resistance at 1.6180.

The general trend over short term basis is to the downside targeting 1.4225 as far as areas of 1.6875 remain intact.

Support 1.6000 1.5975 1.5960 1.5925 1.5880
Resistance 1.6050 1.6075 1.6100 1.6125 1.6165
Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.


USD/JPY
JPY
In line with our weekly scenario, the pair has showed bearish tendencies and is currently attacking 82.00 levels. Meanwhile, RSI 14 is still moving inside overbought regions suggesting further weakness over upcoming hours. The Fibonacci support of 81.50 should be watched out carefully as a break of which will bring massive bearish actions.

The trading range for today is among key support at 81.00 and key resistance now at 83.20.

The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.

Support 81.80 81.50 81.25 81.00 80.75
Resistance 82.25 82.50 83.00 83.20 83.65
Recommendation Based on the charts and explanations above our opinion is, selling the pair around 82.50 targeting 81.50 and stop loss above 83.20 might be appropriate.

USD/CHF
CHF
The pair remains stable below 0.9305 despite the upside move seen in the last hours. This is confirmation for the continued effect of the bearish Butterfly Pattern and accordingly we hold onto our weekly expectations.

The trading range for this week is among the key support at 0.9130 and key resistance at 0.9460.

The general trend over short term basis is to the downside targeting 0.8860 as far as areas of 0.9775 remains intact.

Support 0.9275 0.9245 0.9200 0.9130 0.9080
Resistance 0.9305 0.9330 0.9370 0.9425 0.9460
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9305 targeting 0.9280, 0.9210 then 0.9130 and stop loss with four-hour closing above 0.9425 might be appropriate this week

USD /CAD
CAD
The pair reached 0.9930 areas which is the first target of the bearish Butterfly Pattern; the pair is not holding above this level which keeps the possibility for the extension of the downside move. The Linear Regression Indicators are trading with a bearish bias and that supports our weekly expectations that remain valid.

The trading range for this week is among the key support at 0.9735 and key resistance at 1.0135.

The short term trend is expected to the downside with daily closing below 1.0125 targeting areas of 0.9400.

Support 0.9895 0.9855 0.9800 0.9770 0.9735
Resistance 0.9935 0.9980 1.0000 1.0040 1.0095
Recommendation Our weekly expectations remain valid

AUD/USD
AUD
The downside move remains limited above 88.6% correction of CD leg of the bullish Butterfly Pattern at the time the Linear Regression Indicators are still trading positively. We hold onto our weekly expectations based on those conditions and a breach of top C close to the intraday resistance around 1.0460 will further support our bullish outlook.
The trading range for this week is among the key support at 1.0260 and key resistance at 1.0645.
The short term trend is to the downside targeting 0.9400 with steady daily closing below 1.0710.

Support 1.0420 1.0380 1.0370 1.0330 1.0300
Resistance 1.0440 1.0460 1.0505 1.0560 1.0645
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.0420 targeting 1.0460, 1.0505 then 1.0560 and stop-loss with four-hour closing below 1.0380 might be appropriate this week

NZD/USD
NZD
The pair declined slightly attempting to retest the neckline of the Inverted Head & Shoulders pattern, and even if the pattern is not ideal as it did not follow an extended bearish wave, we can find it supported by the positivity on the Linear Regression Indicators. Stability above 0.8205 today makes us hold onto the positive outlook and over weekly basis stability above 0.8185 keeps the bullishness intact.

The trading range for this week is expected among the key support at 0.8080 and resistance at 0.8470.

The short term trend is to the upside targeting 0.8400 with steady daily closing above 0.7930.

Support 0.8220 0.8205 0.8185 0.8155 0.8135
Resistance 0.8255 0.8285 0.8305 0.8355 0.8415
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.8205 targeting 0.8255, 0.8305 then 0.8470 and stop loss with four-hour closing below 0.8135 might be appropriate this week