Key Trading Levels: AUD/USD, EUR/USD, GBP/USD, NZD/JPY, other currencies, USD Index, 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 rallied back to the 90.29 monthly resistance level.
AUDUSD has rallied back to the 0.7030-51 daily resistance area.
EURJPY has rallied back to the 135.51 daily resistance level after finding support at the 134.14 monthly support level.
EURUSD has advanced and tested the 1.0600 level.
GBPJPY has rallied back to the 159.61 daily resistance level after finding support at the 158.21 monthly support level.
GBPUSD has rallied and retested the 1.2500 level.
NZDJPY has reversed at the 82.49 monthly resistance level and is now targeting 79.44 last week’s low.
NZDUSD has rallied back to the 0.6380 weekly resistance level.
USDCAD continues to find support at the 1.2800 level.
USDJPY has declined down to the 127.51 daily support level.
USD Index has closed back below the 103.81 monthly resistance level.
S&P 500 has declined down to test last week’s low..

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 keeps the offered stance just above 1.1700

EUR/USD is coming under heavy selling pressure in what has been a rather grim start to the new trading week, with the pair now trading close to the 1.1700 support area as the US Dollar stages a solid rebound. The prevailing flight to safety mood continues to favour the Greenback, as investors react to the escalating conflict in the Middle East and trim risk exposure across the board.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold trims losses, back below $5,400

Gold now surrenders part of the earlier advance past the $5,400 mark per troy ounce at the beginning of the week. Indeed, the precious metal’s strong uptick remains fuelled by increasing geopolitical tensions in the Middle East amid the intense demand for safer assets.