EUR/USD
EUR
The pair retested 1.3015 levels which represents 23.6% Fibonacci shown on the graph. Stochastic offers overbought signals as the pair tried to breach 1.3015 level several times but it failed, therefore we might see a new downside move . A four-hour closing above 1.3015 levels failed the bearish correction over intraday basis today.

The trading range for today is among the key support at 1.2840 and key resistance at 1.3125.

The general trend over short term basis is negative targeting 1.1865 as far as areas of 1.3550 remains intact.

Support 1.2975 1.2950 1.2905 1.2895 1.2860
Resistance 1.3000 1.3015 1.3040 1.3080 1.3125
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 1.3000 targeting 1.2950, 1.2905 then 1.2840 and stop-loss with four-hour closing above 1.3015; in case the stop-loss was triggered, buy the pair above 1.3015 targeting 1.3040, 1.3095 then 1.3125 and stop-loss with four-hour closing below 1.2975 might be appropriate

GBP/USD
GBP
The pair is stable below 1.6125 resistance levels that should be breached to confirm the upside move; at the same time, the bearish wave requires returning below 1.6065 levels. Trading between 1.6065 and 1.6125 levels force us to remain neutral waiting for more confirmations.

The trading range for today is among key support at 1.5910 and key resistance at 1.6200.

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

Support 1.6100 1.6065 1.6035 1.6000 1.5975
Resistance 1.6125 1.6145 1.6165 1.6180 1.6200
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move

USD/JPY
JPY
The pair turned to the upside and once again failed to hold above 82.65 levels and that maintains our negative outlook. Stability below the mentioned areas supports the formation of BC leg of the suggested harmonic pattern on the chart. The only intraday barrier for our scenario is four-hour stability above 83.35 and without it the bearish expectations remain valid.

The trading range for today is among key support at 81.45 and key resistance at 83.35.

The general trend over short term basis is to the upside stable at levels 75.20 targeting 87.45 .

Support 82.40 82.25 82.00 81.60 81.45
Resistance 82.65 82.80 83.00 83.35 83.65
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 82.65 targeting 82.00, 81.60 then 81.00 and stop-loss with four-hour closing above 83.35 might be appropriate

USD/CHF
CHF
The pair’s trading is biased to the downside but we expect a possible upside rebound during today’s session following the suggested Elliot count shown on the graph. Stability above 0.9305 keeps the possibility of an upside move valid and Stochastic offers oversold signals supporting our expectations; breaching areas of 0.9240 threatens our expectations.

The trading range for today is among key support at 0.9200 and key resistance at 0.9455.

The general trend over short term basis is to the downside at levels 0.9775 targeting 0.8860.
Support 0.9305 0.9280 0.9240 0.9200 0.9180
Resistance 0.9325 0.9345 0.9375 0.9405 0.9435
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9305 targeting 0.9345, 0.9375 then 0.9405 and stop-loss with four-hour closing below 0.9240 might be appropriate

USD /CAD
CAD
The pair is still trading within Linear Regression Indicators and close to the second target of the bearish Butterfly Harmonic Pattern at 0.9855 levels. Stochastic shows oversold signals but we can still see the pair trading within the descending channel that organized the downside move from 1.0055 areas and accordingly we remain neutral. Please review the previous report for more details about the Butterfly Pattern.

The trading range for today is among key support at 0.9800 and key resistance at 0.9935.

The general trend over short term basis is to the downside at levels 1.0125 targeting 0.9400.

Support 0.9855 0.9825 0.9800 0.9770 0.9735
Resistance 0.9880 0.9900 0.9935 0.9950 0.9980
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move

AUD/USD
AUD
The pair is gradually moving to the upside move with stability above 1.0505 and likely the bullish move will extend toward 1.0565. Linear Regression Indicators offer good support for the pair which might complete the double harmonic formation shown on the graph. the risk versus reward ratio is not suitable for now which makes us prefer staying aside for today while maintaining the positive expectations in the previous report.

The trading range for today is among key support at 1.0400 and key resistance at 1.0615.

The general trend over short term basis is to the downside below levels 1.0710 targeting 0.9400.

Support 1.0505 1.0470 1.0450 1.0430 1.0400
Resistance 1.0530 1.0565 1.0585 1.0600 1.0615
Recommendation Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move

NZD/USD
NZD
The upside move extended as expected after breaching the bearish minor channel followed by 0.8355 levels. Stability above the mentioned areas favors the extension of the upside move toward 0.8435 levels and maybe 0.8540. Positive expectations require stability above 0.8355 levels over intraday basis, and above 0.8285 levels over weekly basis.

The trading range for today is among key support at 0.8305 and key resistance at 0.8540.

The general trend over short term basis is to the upside above 0.7930 targeting 0.8400.

Support 0.8385 0.8355 0.8305 0.8285 0.8255
Resistance 0.8400 0.8415 0.8450 0.8470 0.8540
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8385 targeting 0.8400, 0.8470 and 0.8540 and stop-loss with four-hour closing below 0.8305 might be appropriate