EUR/USD
EUR
The pair rose sharply as expected trading above 113% level of the sideways correction that occurred earlier. The correction level mentioned at 1.3235 levels became good support and might push the pair to 1.3305 resistance at 127.2% correction. The upside move might extend reaching 161.8% at 1.3480. We will ignore any overbought signals on momentum indicators as long as the pair is stable above 1.3160 levels.
The trading range for today is among the key support at 1.3120 and key resistance at 1.3480.

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

Support 1.3235 1.3185 1.3155 1.3120 1.3100
Resistance 1.3265 1.3305 1.3360 1.3390 1.3430
Recommendation Based on the charts and explanations above, our opinion is buying the pair above 1.3235 targeting 1.3305, 1.3390 then 1.3430 and stop-loss with four-hour closing below 1.3120 might be appropriate

GBP/USD
GBP
The pair move to the upside in line with our the technical outlook, and now we find it gradually approaching 1.6310resistance . We think that the pair will extend the upside move and that is shown on the positive Linear Regression Indicators. Breaching 1.6310 levels might extend the upside move.

The trading range for today is among key support at 1.6125 and key resistance at 1.6450.

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

Support 1.6235 1.6210 1.6160 1.6125 1.6100
Resistance 1.6285 1.6310 1.6350 1.6380 1.6450
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 1.6235 targeting 1.6285, 1.6350 then 1.6380 and stop-loss with four-hour closing below 1.6160 might be appropriate

USD/JPY
JPY
Although the pair didn’t reach the stop-loss referred to in our previous report, stability above 84.10 reduces the possibility of the bearish move. Momentum Indicators offer overbought signals which make us expect the return of the downside move, but not before stabilizing below 84.10 levels.
The trading range for today is among key support at 82.25 and key resistance at 85.50.
The general trend over short term basis is to the upside targeting 75.20 as far as areas of 87.45 remains intact.

Support 84.10 83.65 83.55 83.35 83.00
Resistance 84.35 84.95 85.10 85.20 85.50
Recommendation Based on the charts and explanations above, our opinion is selling the pair with four-hour closing below 84.10 targeting 83.65, 83.35 then 83.00 and stop-loss with four-hour closing above 84.95 might be appropriate

USD/CHF
CHF
The pair breached another support level at 127.2% of the suggested harmonic formation shown on the graph. Breaching this level might cause a downside move to test 0.9030 levels which is the first suggested PRZ of the harmonic formation. Stability below 0.9215 is required to extend the downside move, while stability below 0.9175 levels in needed over intraday basis to support the intraday bearishness.

The trading range for today is among key support at 0.8980 and key resistance at 0.9280.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support 0.9105 0.9080 0.9030 0.9000 0.8980
Resistance 0.9130 0.9150 0.9180 0.9200 0.9220
Recommendation Based on the charts and explanations above, our opinion is selling the pair below 0.9135 targeting 0.9105, 0.9080 then 0.9030 and stop-loss with four-hour closing above 0.9180 might be appropriate

USD /CAD
CAD
The pair remained limited within key resistance levels of the downside move as Stochastic offers overbought signals. That might cause the return of the bearish move and remains valid unless we see a breach to 0.9880 levels today and 0.9935 levels later.

The trading range for today is among key support at 0.9700 and key resistance at 0.9935.

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

Support 0.9825 0.9800 0.9770 0.9735 0.9690
Resistance 0.9865 0.9880 0.9900 0.9935 0.9950
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 0.9855 targeting 0.9825, 0.9800 then 0.9735 and stop-loss with four-hour closing above 0.9935 might be appropriate

AUD/USD
AUD
The pair is trending sideways and touched the first target of AB=CD bearish pattern of the double harmonic formation that also has the bearish Butterfly Harmonic Pattern. Stability below 1.0565 keeps our negative expectations valid today.

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 1.0480 1.0455 1.0430 1.0400
Resistance 1.0530 1.0565 1.0585 1.0600 1.0615
Recommendation Based on the charts and explanations above, our opinion is selling the pair around 1.0530 targeting 1.0480, 1.0430 then 1.0400 and stop-loss with four-hour closing above 1.0615 might be appropriate

NZD/USD
NZD
The pair dropped to trade around 0.8395 levels but is still stable above 0.8355, which might keep the upside trend valid. In order to cancel the effect of the negativity shown on momentum indicators, the pair should return above 0.8440 areas.

The trading range for today might be among key support at 0.8305 a nd key resistance at 0.8540.

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


Support 0.8395 0.8355 0.8305 0.8285 0.8230
Resistance 0.8410 0.8440 0.8470 0.8540 0.8500
Recommendation Based on the charts and explanations above, our opinion is buying the pair around 0.8395 targeting 0.8470, 0.8500 then 0.8545 and stop-loss with four-hour closing below 0.8355 might be appropriate