Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD Daily
View unchanged from this morning with pullback failed to take out stronger support at 1.0796 last Friday and strong recovery towards closing is easing downside pressure with trade now shifting into consolidation with slight bias upside. Lift above 1.0914 hurdle will expose more upside potentila. [W.T]
USD/CHF Daily
Inside-range set last Friday halting rebound with trade shifting into intraday consolidation and a downside break of 0.9890 support will help bears regain footing and targets the strong support at 0.9786. Above 0.9990 hurdle, rebound eyes 1.0034 resistance. [W.T]
USD/JPY Daily
Sharp reversal from last Friday's high of 123.56 in the appearance of large Engulfing-pattern on the Japanese candlesticks is keeping intraday trade on a subdued tone and shorts are favoured with slip of 121.06 support to trigger extension and eyes strong support at 120.35. [W.T]
EUR/CHF Daily
Intraday trade consolidative but still retain downside pressure and push below last Friday's low of 1.0756 will expose the stronger level behind at 1.0737 and only clearance of the latter to set bears on stronger footing. [W.T]
GBP/USD Daily
Spurred by the Inside-range set last Friday, downside momentum eroded and settling intraday trade into consolidation and it would take a higher break of 1.5007 resistance to jeopardise current downmove and spur rebound towards 1.5100. [W.T]
EUR/GBP Daily
Both daily chart pattern and technical tools seen at neutral ground , prolonging consolidation from last week and bulls seek a swift lift above 0.7307 resistance to regain footing and eyes next target at 0.7374. Setback below 0.7240 support will expose deeper pullback to 0.7193. [W.T]
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Editors’ Picks
AUD/USD regains the constructive outlook above the 200-day SMA
AUD/USD advanced strongly for the second session in a row, this time extending the recovery to the upper 0.6500s and shifting its focus to the weekly highs in the 0.6580-0.6585 band, an area coincident with the 100-day SMA.
EUR/USD keeps the bullish performance above 1.0700
The continuation of the sell-off in the Greenback in the wake of the FOMC gathering helped EUR/USD extend its bounce off Wednesday’s lows near 1.0650, advancing past the 1.0700 hurdle ahead of the crucial release of US NFP on Friday.
Gold stuck around $2,300 as market players lack directional conviction
Gold extended its daily slide and dropped below $2,290 in the second half of the day on Thursday. The benchmark 10-year US Treasury bond yield erased its daily losses after US data, causing XAU/USD to stretch lower ahead of Friday's US jobs data.
Bitcoin price rises 5% as BlackRock anticipates a new wave of capital inflows into BTC ETFs from investors
Bitcoin (BTC) price slid to the depths of $56,552 on Wednesday as the cryptocurrency market tried to front run the Federal Open Market Committee (FOMC) meeting. The flash crash saw millions in positions get liquidated.
FOMC in the rear-view mirror – NFP eyed
The update from May’s FOMC rate announcement proved more dovish than expected, which naturally weighed on the US dollar (sending the DXY to lows of 105.44) and US yields, as well as, initially at least, underpinning major US equity indices.