EUR/USD

1.1150 held as expected as bulls catapulted higher by over 100 pips to settle around the 1.1250 resistance level. Bulls will be looking to extend their gains to above 1.1350 but it is likely, with stochastic in overbought territories, that we may first see a dip to retest 1.1200 as bull’s take profits and bears sell at relatively bargain prices ahead of today’s key data. Resistance is at 1.1275, 1.1300 and 1.1325 while support is at 1.1225, 1.1200 and 1.1175.


EUR/USD
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.1045 1.1091 1.1174 1.1220 1.1303 1.1349 1.1432
Weekly 1.0967 1.1044 1.1100 1.1177 1.1233 1.1310 1.1366
Monthly 1.0687 1.0865 1.1011 1.1189 1.1335 1.1513 1.1659
 

GBPUSD

Bulls have had an absolute field day in the pair, making new multi-month highs as we see the 1.3450 resistance level being tested. Currently the pair is ranging between 1.3425 and 1.3450, which if bulls break out of will see the pair move to resistance at 1.3475, 1.3500 and 1.3525 while if bears break below 1.3425, we would see them test support at 1.3400, 1.3375 and 1.3350.


GBPUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1.3184 1.3238 1.3339 1.3393 1.3494 1.3548 1.3649
Weekly 1.2814 1.2935 1.3114 1.3235 1.3414 1.3535 1.3714
Monthly 1.2367 1.2615 1.2876 1.3124 1.3385 1.3633 1.3894
 

AUDUSD

Bulls staged yet another rally, driving prices to last month’s highs of 0.7690 as USD bulls ran for cover. The pair has currently stalled at this key resistance level and bears will be looking to gather their forces for a move lower. 0.7675 forms the low bound of the current range, which if bears capture, will see the pair come off its highs to retest support at 0.7650, 0.7625 and 0.7600. To the upside, we have the 0.7700 handle, which if bulls close above, will open the way for 0.7725, 0.7750 and 0.7775.


AUDUSD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 0.7498 0.7537 0.7613 0.7652 0.7728 0.7767 0.7843
Weekly 0.7370 0.7429 0.7500 0.7559 0.7630 0.7689 0.7760
Monthly 0.7146 0.7317 0.7418 0.7589 0.7690 0.7861 0.7962
 

GOLD

Gold blew through several resistance points as bulls made a b line for 1350. Currently, the precious metal is consolidating at its current highs with 1350 forming the new support for bears to capture, should they want to retest support at 1345, 1340 and 1335. Bulls on the other hand will have their eye on the prize at 1380 and will look to hold 1350 as a stepping stone to 1355, 1360 and beyond.


GOLD
 
TIME FRAME S3 S2 S1 PIVOT POINT R1 R2 R3
Daily 1308.66 1315.93 1332.66 1339.93 1356.66 1363.93 1380.66
Weekly 1281.64 1291.57 1306.84 1316.77 1332.04 1341.97 1357.24
Monthly 1227.10 1266.70 1286.80 1326.40 1346.50 1386.10 1406.20