Key trading levels: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, other currencies, and S&P 500

Duncan Cooper ACY Securities

Overview

Read the updated key trading levels analysis for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDJPY, USD Index, and S&P 500 below:

AUDJPY has reversed at the 90.29-71 monthly resistance area and is now targeting 87.28 last week’s low.
AUDUSD has reversed at the 0.7030 daily resistance level and is now targeting the 0.6826 monthly support level.
EURJPY has reversed at the 136.49 daily resistance level and is now targeting 132.65 last week’s low.
EURUSD has closed back below the 1.0522 monthly resistance level.
GBPJPY has closed back below the 158.21 monthly support level and is now targeting 155.59 last week’s low.
GBPUSD has failed to hold Tuesday’s gains closing back below the 1.2411 daily resistance level.
NZDJPY has reversed at the 82.49 monthly resistance level and is now targeting 79.44 last week’s low.
NZDUSD has reversed at the 0.6380 weekly resistance level and is now targeting the 0.6204 monthly support level.
USDCAD has declined down to the 1.2800 level and found support.
USDJPY has formed a lower top at the 129.40 daily resistance level.
USD Index has closed back above the 103.81 monthly resistance level.
S&P 500 has declined strongly down from the 4104 monthly resistance level.

Author

Duncan Cooper

ACY Securities

Duncan Cooper is a full-time trader and mentor. He has been actively trading the financial markets for more than 15 years and has traded stocks, options, futures, and the Forex Market since 2005.

EUR/USD looks to stabilize near 1.1600 as focus shifts to US data

EUR/USD is looking to stabilize near 1.1600 in the European session on Wednesday as traders breathe a sigh of relief before the top-tier US ADP jobs and ISM Services PMI data. A pause in the US Dollar uptrend helps the pair's recovery, but surging energy prices due to the Iran war will likely remain a drag.

GBP/USD stays weak near 1.3350 as USD preserves gains

GBP/USD stays in the red below 1.3350 in the European session on Wednesday. Escalating conflict in the Middle East keeps the "flight to safety" theme intact, supporting the US Dollar against the Pound Sterling. Traders will take more cues from the US ADP Employment and ISM Services Purchasing Managers Index reports, which are due later on Wednesday.

Gold retains positive bias amid sustained safe-haven flows and modest USD pullback

Gold maintains its offered tone through the first half of the European session, though it lacks follow-through and remains below the $5,200 mark. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

Asian stocks fall as South Korea’s KOSPI slumps over 10%

Asian equities drop on Middle East tensions; the MSCI Asia Pacific Index falls up to 4%. South Korea’s KOSPI fell 10.71% near 5,170, with the Korean Won weakened past 1,500 per dollar.

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.