EURUSD
This pair has today declined and broken the support of 1.1780, but it faces another support at 1.1750. If it breaks this, we may target 1.1690
However, we expect that if it maintains the support level at 1.1750, the pair may rise and face resistance at 1.1780. If it breaches this level, we expect it to target 1.1850.
GBPUSD
This pair succeeded in rising to 1.3175 last week, but then retreated from it to the support level of 1.3000.
If it maintains this support, we expect it to rise to 1.3120 - 1.3200.
However, if it breaks through 1.2990, we expect it to target the support levels of 1.2920 / 1.2880.
USDCHF
This pair succeeded in surpassing the resistance level at 0.9090, so we expect it to continue rising, targeting 0.9150 - 0.9180.
Support: 0.9099 / 0.9060.
USDCAD
The loonie succeeded in surpassing the resistance level of 1.3177, and we expect it to stabilise above it while targeting 1.3250 levels. If there is any follow-up above this level, we expect the pair to target 1.3350 next.
Support levels to watch 1.3177 - 1.3100.
AUDUSD
This pair is still trading near the 0.7140 / 50 resistance level. We expect it to retreat and target the 0.7000 support levels.
Gold
Gold is trading within limited ranges this week, between $1911 and $1890 per ounce.
If it breaks through the 1890 support level, we expect it to decline and target the levels of 1880-1870-1850.
However, our current view would change to the upside if gold were able to breach the resistance level of 1911, followed up with another strong resistance level at 1930. If it surpasses 1930, we would expect it to target $1970/1990 next.
Oil
Oil retreated today and broke the support at $38.50; we expect it to further decline to 37.00.
The current resistance is at 38.50; above this level, it would face resistance at 39.00 / 39.80.
Dow Jones
The Dow Jones is still trending down and today it broke the support level of 27300 points; we expect the index will face more selling pressure and targeting 26500.
If it turns to rise, we expect resistance at 27600 - 28000.
