Bounced right at that key support at 1.4620 (rising uptrend from 17 Aug) yesterday and I expect higher levels today.
Key resistance today1.4710
Key support today1.4620
Favoured strategy today:Bullish above 1.4620
Bounce nicely off the 2.0520 support yesterday and spiked higher after the UK PMI. Support at 2.0585 and 2.0520 now, with rising key uptrend 2.0487. On the upside the key resistance point to watch is 2.0830 and falling resistance coming in at 2.0750. Bullish above rising support at 2.0487 today and might be worth trying to buy in that region for another run higher.
Key resistance today2.0750
Key support today2.0487
Favoured strategy today:Bullish above 2.0585
CHF is rebounding from last weekâ€™s weakness a bit over the last 24 hours on risk reduction theme. Next key resistance is falling trend line from 12th of October coming 1.1402 today. Also have reaction high from 8th of Nov at 1.1344 as resistance. 50% retracement of the 1.1894 â€“ 1.0885 move is at 1.389, so any approach towards 1.1400 looks like a selling opportunity. Reaction high from Friday should cap upside near term (1.1330).
Key resistance today1.1330
Key support today1.1160
Favoured strategy today:Bearish below 1.1330
Still same situation as Friday and I expect higher levels as stocks have been rebounding strongly over the last few sessions. Broke above the 109.20 level (falling resistance) last week and that opens for higher levels near term and a possible rally to 111.70 where the next resistance is located.
Key resistance today111.70
Key support today109.64
Favoured strategy today:Bullish above 109.64
This pair has been very choppy over the last few days trading inside a 160.20 â€“ 163.82 range and I prefer to trade this range from the long side buy on dips.
Key resistance today163.70
Key support today160.20
Favoured strategy today:Bullish above 160.20
Tested key 0.7090 key support yesterday and I expect to see a bounce higher from this level going into the Bank of England interest rate announcement Thursday.
Key resistance today0.7254
Key support today0.7090
Favoured strategy today:Bullish above 0.7090
Trading inside the well defined trend channel with resistance of 1.0088 as overhead and 0.9865 as underlying support. Have daily reaction high from 4/10 coming in at 1.0014 as well. Keep a close eye on the BoC interest rate announcement at 14:00 GMT as we could see a surprise rate cut.
Key resistance today1.0077
Key support today0.9865
Favoured strategy today:Play range
Major events today (GMT)
14:00Bank of Canada Interest Rate Announcement
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