Key trading levels: AUD/JPY, AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, Gold [Video]

Overview

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USD Index, S&P500, and Gold.

Some of the key trading levels have been broken during the volatile London and New York trading sessions.

Read the updated analysis below

• AUDJPY continues to advance breaking the 83.73-97 daily and weekly resistance area. Price is now testing the 84.29 weekly resistance level.

• AUDUSD continues to advance breaking the 0.7276-84 daily resistance area. Price is now testing the 0.7300 level. The 0.7314 weekly resistance level is just ahead.

• EURJPY has traded below the 127.37 monthly support level but has found support trading back above the 127.92 and 128.24 weekly support levels.

• EURUSD has traded below the 1.1121 weekly support level. Will this level now become resistance for a move down in line with the double top pattern targeting the 1.0879 monthly support level?

• GBPJPY has found support at the 152.84 weekly support level. Price may rally back to test the 155.30 daily resistance level.

• GBPUSD has found support at the 1.3273 daily support level and traded back above the 1.3357 weekly support level. Price may rally back to test the 1.3430 daily resistance level.

• NZDJPY continues to advance breaking the 78.00 daily resistance level. The 78.64 weekly resistance level is just ahead.

• NZDUSD after failing at the 0.6804 weekly resistance level last week price is rally back to retest the same level moving above 0.6770 the 79% fib retracement level.

• USD Index continues to test and hold at the 97.68 monthly resistance level.

• S&P500 has traded back to 4400 the 62% fib retracement level of last month’s trading range.

• Gold has broken above the 1920 monthly resistance level. Buyers need to keep price above 1920 to maintain the advance.