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
Strong rally last session keeping this currency pair on a firm undertone during intraday trading and pushing above 1.0939 resistance will trigger extension to 1.0981. Good support is now protecting at 1.0796 and below latter to reverse focus towards downside. [W.T]
USD/CHF Daily
Short-term trade remains consolidative and bulls need clearance above the 0.9990 resistance to gain footing towards next hurdle at 1.0034 and only break of the latter to signal more upside potential. Support seen at 0.9890 and slip of the latter to help bears regain footing towards strong support at 0.9786. [W.T]
USD/JPY Daily
Spurred by the neutral call of a Doji-session last session, intraday trade stays tight in consolidation and keeping the strong support at 120.35 safely at bay. Lift above 121.50 hurdle will spur recovery to 121.76 then 122.00. [W.T]
EUR/CHF Daily
Failure to clear the 1.0756 support last session triggered a strong reversal from the latter with prices now turning towards the 1.0859/77 congestion highs and clearance will shift focus higher towards 1.0940. [W.T]
GBP/USD Daily
View unchanged from this morning with lack of recovery strength keeping pressure on the downside and slippage below last week's low of 1.4865 support will trigger extension to initial daily support line at 1.4838 then 1.4813. Only lift above 1.4957 to expose room for corrective upmove. [W.T]
EUR/GBP Daily
Strong rally above .7307 resistance last session setting the bigger upmove from .6983 low back in motion and this should keep this cross on a firm undertone into European trading with bulls eyeing higher resistance at .7374 then .7493. [W.T]
This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.
Recommended Content
Editors’ Picks
EUR/USD clings to gains above 1.0750 after US data
EUR/USD manages to hold in positive territory above 1.0750 despite retreating from the fresh multi-week high it set above 1.0800 earlier in the day. The US Dollar struggles to find demand following the weaker-than-expected NFP data.
GBP/USD declines below 1.2550 following NFP-inspired upsurge
GBP/USD struggles to preserve its bullish momentum and trades below 1.2550 in the American session. Earlier in the day, the disappointing April jobs report from the US triggered a USD selloff and allowed the pair to reach multi-week highs above 1.2600.
Gold struggles to hold above $2,300 despite falling US yields
Gold stays on the back foot below $2,300 in the American session on Friday. The benchmark 10-year US Treasury bond yield stays in negative territory below 4.6% after weak US data but the improving risk mood doesn't allow XAU/USD to gain traction.
Bitcoin Weekly Forecast: Should you buy BTC here? Premium
Bitcoin (BTC) price shows signs of a potential reversal but lacks confirmation, which has divided the investor community into two – those who are buying the dips and those who are expecting a further correction.
Week ahead – BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.