Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Luc Luyet's daily technical outlook.
Majors
EUR/USD: SHORT AT 1.1269 FOR 1.1017, STOP 1.1333
USD/JPY: LOOK TO BUY ON BREAK ABOVE 120.18
GBP/USD: BUY AT 1.5275 FOR 1.5449; STOP AT 1.5210
USD/CHF: LOOK TO BUY
AUD/USD: BUY .7135 NOT FILLED, POSS BUY FOR .7318
USD/CAD: SHORT AT 1.3030 FOR 1.2862; STOP AT 1.3110
Crosses
EUR/JPY: SHORT AT 134.93 FOR 133.16, STOP 135.75
EUR/GBP: LONG AT .7375 FOR REVISED .7501 OBJECTIVE; STOP AT .7300
EUR/CHF: LONG AT 1.0910 FOR 1.1186; STOP AT 1.0865
EUR/CAD: SHORT AT 1.4735 FOR 1.4387; STOP AT 1.4825
GBP/JPY: LONG AT 183.10 FOR 185.93; STOP AT 181.79
NZD/USD: LONG AT .6480 FOR REVISED .6815; STOP AT .6530
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Editors’ Picks
EUR/USD manages to hold above 200-hour SMA ahead of Eurozone CPI, FOMC
EUR/USD meets with some supply during the Asian session on Tuesday and erodes a part of the previous day's gains amid the emergence of fresh US Dollar buying. Spot prices, however, remain in a familiar range held over the past week or so and currently trade around the 1.0700 round-figure mark.
GBP/USD consolidates its gains above 1.2550, investors await Fed rate decision
GBP/USD consolidates its gains near 1.2560 after flirting with the key 200-day SMA and three-week highs in the 1.2550-1.2560 zone during the early Tuesday. Investors reduce their bets on BoE rate cuts, which support the Cable.
Gold price traders remain on the sidelines ahead of FOMC decision on Wednesday
Gold price remains confined in a narrow range as traders prefer to wait on the sidelines. Reduced Fed rate cut bets revive the USD demand and act as a headwind for the metal. Investors now await the FOMC decision and US macro data before placing directional bets.
BNB price risks a 10% drop as Binance founder and ex-CEO Changpeng Zhao eyes Tuesday sentencing
Binance Coin price is dumping, with the one-day chart showing a defined downtrend. While the broader market continues to bleed, things could get worse for BNB price ahead of Binance executive Changpeng Zhao sentencing on Tuesday, April 30.
FX market still on intervention watch
Asian foreign exchange traders will be particularly attentive to any signs of Japanese intervention on Tuesday, following reports of Tokyo's involvement in the market on Monday. This intervention action propelled the yen upward from its 34-year low of 160 per dollar, setting off shockwaves of volatility.