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USDCAD Price Action Suggests Test Of 1.3150/74 Area USDCAD price action suggests a further move higher and test of its key resistance at 1.3150/74 area. Support lies at the 1.3100 level where a break will target at the 1.3050 level. Further down, support comes in at the 1.3000 level. On further move lower, the pair may aim at the 1.2950 support level. On the upside, resistance lies at the 1.3150/74 levels where a violation will turn attention to the 1.3200 level. Further up, resistance resides at the 1.3250 level and then the 1.3300 level. Its daily RSI is bearish and pointing higher suggesting further weakness. All in all, USDCAD looks to strengthen further with trend resumption in the cards.

AUDUSD Broader Trend Remains Lower, Eyes 0.7042 level AUDUSD broader trend remains lower as it eyes the 0.7042 support level. Support resides at the 0.7042 level where a breach will aim at the 0.7000 level. Below here will set the stage for a run at the 0.6950 level with a cut through here targeting further downside pressure towards the 0.6900 level. On the upside, resistance lies at the 1.7100 level. A cut through here will turn attention to the 0.7150 level and then the 0.7200 level where a violation will set the stage for a retarget of the 0.7250 level. Its daily RSI is bearish and pointing higher suggesting further strength. On the whole, AUDUSD faces further downside threats with eyes on key support.

GBPUSD Price Decline Eyes 1.2862 Support On Bear Pressure GBPUSD price declines eyes 1.2862 support zone as it continues to hold on to its broader weakness. The immediate support resides at 1.2900 level. Further down, support comes in at the 1.2862 level where a break will turn focus to the 1.2800 level. Further down, support comes in at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. On the upside, resistance stands at the 1.2950. A turn above here will allow more strength to build up towards the 1.3000 level. Further out, resistance stands at the 1.3050 level followed by the 1.3100 level. On the whole, GBPUSD faces further downside pressure short term.

EURJPY Extends Recovery Pressure Towards 130.49 Zone EURJPY extends recovery pressure with eyes on the 130.49 resistance zone. This is coming on the back its price reversal on Friday. Support comes in at the 129.50 level where a break if seen will aim at the 129.00 level. A cut through here will turn focus to the 128.50 level and lower towards the 128.00 level. On the upside, resistance resides at the 130.49 level. Further out, we envisage a possible move towards the 131.00 level. Further out, resistance resides at the 131.50 level with a turn above here aiming at the 132.00 level. On the whole, EURJPY continues to face further upside on further strength.

GOLD Faces Consolidation Threats On Price Halt GOLD faces consolidation threats following a price halt on Friday. On the downside, support comes in at the 1,215.00 level where a break will turn attention to the 1,205.00 level. Further down, a cut through here will open the door for a move lower towards the 1,200.00 level. Below here if seen could trigger further downside pressure targeting the 1,100.00 level. Its daily RSI is bullish and pointing higher suggesting more strength. Conversely, resistance resides at the 1,230.00 level where a break will aim at the 1,240.00 level. A turn above there will expose the 1,250.00 level. Further out, resistance stands at the 1,260.00 level. All in all, GOLD looks to decline further lower on price halt.

EURUSD Downside Pressure Stalls, Bounces Off 1.1531 Support EURUSD downside pressure stalled as it saw a bounce off its key support at 1.1531 to close higher on Friday. While that level holds as support it faces the risk of a move further higher nearer term. On the upside, resistance comes in at 1.1550 level. A break through there opens the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. On the downside, support lies at the 1.1450 level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces a downside pressure medium term but with recovery threats.

USDCHF Faces Bull Pressure Threats, Eyes On 1.0000 Level USDCHF faces bull pressure threats with eyes on the 1.0000, its big psycho level. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Above here if seen will turn attention to 1.0150. All in all, USDCHF faces further price strength

USDCHF Faces Bull Pressure Threats, Eyes On 1.0000 Level USDCHF faces bull pressure threats with eyes on the 1.0000, its big psycho level. On the downside, support lies at the 0.9900 level. A turn below here will open the door for more weakness towards the 0.9850 level and then the 0.9800 level. On the upside, resistance resides at the 1.0000 level where a break will clear the way for more strength to occur towards the 1.0050 level. Further out, resistance comes in at the 1.0100 level. Above here if seen will turn attention to 1.0150. All in all, USDCHF faces further price strength

GBPUSD Upside Momentum Halts , Eyes 1.3082 Zone GBPUSD upside momentum was halted during Wednesday trading session. It now eyes its support located at 1.3082 level. Further down, support comes in at the 1.3050 level where a break will turn focus to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more decline towards the 1.2900 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Resistance stands at the 1.3150 with a turn above here allowing for more strength towards the 1.3200 level. Further out, resistance stands at the 1.3250 level followed by the 1.3300 level. On the whole, GBPUSD faces downside pressure with more weakness likely.

EURGBP Faces Corrective Recovery Threats On Price Rejection EURGBP Faces corrective recovery threats on price rejection. This is coming on back of the reversal of earlier losses for the week. A follow through higher is now expected in the new week. Support stands at the 0.8750 level where a violation will turn focus to the 0.8700 level. A break will aim at the 0.8650 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Resistance resides at the 0.8850 level where a violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. All in all, EURGBP remains biased to the upside on correction.

EURUSD Price Extension Eyes 1.1590 Resistance Zone EURUSD price extension now eyes its cluster of resistance located the 1.1593/99 zone. This is coming on the back of its lower price rejection candle printed on Monday. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD still faces further upside pressure on corrective recovery.

EURUSD Remains Vulnerable Short Term Though With Caution EURUSD remains vulnerable short term to the downside on further weakness. But, a corrective recovery could occur in the new week. On the upside, resistance comes in at 1.1550 level. A break through there opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. On the downside, support lies at the 1.1500 level where a violation will aim at the 1.1450 level. A break of here will aim at the 1.1400 level. Below here will open the door for more weakness towards the 1.1350. All in all, EURUSD still faces further downside pressure.

EURGBP Weakened Further On Sell-off, Targets 0.8750 Zone EURGBP Weakened further on sell-off on Friday to end the lower for two consecutive weeks. This leaves risk lower in the new week. Support stands at the 0.8750 level where a violation will turn focus to the 0.8700 level. A break will aim at the 0.8650 level. Its daily RSI bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.8850 level where a violation if seen will turn risk towards the 0.8900 level. Further up, resistance comes in at 0.8950 level followed by the 0.9000 level. All in all, EURGBP remains biased to the downside on more decline

NZDUSD Bearish Pressure Eyes 0.6502 Zone NZDUSD bearish pressure eyes 0.6502 zone as it retains its broader medium term downtrend. This development leaves it vulnerable beyond the above support. Support lies at the 0.6450 level. Further down, the 0.6400 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 0.6600 level where a break will turn attention to the 0.6650 level. A break of here will have to occur to create scope for a move towards the 0.6700 level. Further out, resistance stands at the 0.6750 level. All in all, NZDUSD faces further downside pressure medium term.

AUDUSD Faces Bear Risk, Eyes 0.7141/43 Zone AUDUSD faces bear risk as it eyes its key support located at 0.7141/43. This is coming on the back of its weakness during Tuesday trading session. Support resides at the 0.7141/43 level where a breach will aim at the 0.7100 level. A move below that level will set the stage for a run at the 0.7100 level. Further down, AUDUSD should extend its decline towards the 0.7050 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 1.7200 level. A cut through this level will turn attention to the 0.7300 level. The next resistance comes in at the 0.7350 level where a violation will set the stage for a retarget of the 0.7400 level. On the whole, AUDUSD faces further downside threats as it looks to recapture its key support.

GBPJPY Aims At Key Resistance At 149.71 On Bull Pressure GBPJPY aims at key resistance located at 149.71 level. This is coming on the back of its intra day strength during Monday trading session today. On the downside, support comes in at the 148.50 level where a violation will aim at the 148.00 level. A break below here will target the 147.50 level followed by the 147.00 level. On the upside, resistance resides at the 149.50 level followed by the 150.00 level. A cut through that level will set the stage for a move further higher towards the 150.50 level. Further out, resistance resides at the 151.00 level. Its daily RSI is pointing higher suggesting more strength. All in all, GBPJPY faces further upside pressure towards its key resistance zone at 149.71

EURUSD Remain Vulnerable, Bear Pressure Eyes 1.1550/25 Zone EURUSD remains vulnerable to the downside following its past week lower close. This development has opened the door for more weakness in the days ahead. On the upside, resistance comes in at 1.1650 level. A break through there opening the door for more upside towards the 1.1700 level. Further up, resistance lies at the 1.1750 level where a break will expose the 1.1800 level. But, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD still faces further downside pressure.

EURGBP Remains Vulnerable Short Term But With Caution EURGBP remains vulnerable short term as it closed lower the past week. This has open the door for more weakness. But it could face a recovery threat in the new week as it took back its intra day losses on Friday. Support stands at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break of here will aim at the 0.8750 level. Its daily RSI is bearish and pointing lower suggesting more decline. On the upside, resistance resides at the 0.8950 level. A turn above there will change risk towards the 0.9000 level. Further up, resistance comes in at 0.9050 level followed by the 0.9100 level. All in all, EURGBP remains biased to the downside in the short term but with caution.

NZDUSD: Remains Weak And Vulnerable To The Downside NZDUSD remains weak and vulnerable to the downside as it retains its broader bear pressure. This leaves more weakness is likely in the days ahead. Support lies at the 0.6600 level. Further down, the 0.6550 level comes in as the next downside target. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.6650 level where a break will aim at the 0.6700 level. A break of here will have to occur to create scope for a run at the 0.6750 level. Further out, resistance stands at the 0.6800 level. All in all, NZDUSD faces further downside pressure.

USDJPY: Bullish, Closes In On The 113.16 Resistance Zone USDJPY: The pair remains biased to the upside as it looks to recover further higher with eyes its key resistance located at 113.16 level. Above here, resistance resides at the 113.50 level. Further out, we envisage a possible move towards the 114.00 level. Further out, resistance resides at the 114.50 level with a turn above here aiming at the 115.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the downside, support lies at the 112.50 level where a break if seen will aim at the 112.00 level. A cut through here will turn focus to the 111.50 level and possibly lower towards the 111.00 level. On the whole, USDJPY faces further upside pressure.

AUDUSD: Vulnerable, Sets Up To Weaken Further Towards 0.7028/01 Zone AUDUSD. The With the pair backing off higher prices to close lower on Tuesday, more downside pressure is likely in the days ahead. Support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0.7100 level with a cut through here targeting further downside pressure towards the 0.7050 level. Its daily RSI is turning lower suggesting further weakness. On the upside, resistance lies at the 1.7300 level. A cut through here will turn attention to the 0.7350 level and then the 0.7400 level where a violation will set the stage for a retarget of the 0.7450 level. On the whole, AUDUSD faces further downside threats.

EURUSD: Bullish In The Short But With Risk Of Pullback EURUSD: The pair still faces further upside pressure following its rally on Thursday. On the upside, resistance comes in at 1.1800 level with a break through there opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its weekly RSI is bullish and pointing higher suggesting further upside pressure. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD still faces further upside pressure though with caution.

NZDUSD: Retains Recovery Threats, Eyes The 0.6726 Zone NZDUSD: With the pair still retaining its upside pressure on correction, more strength is envisaged in the new week. Support lies at the 0.6650 level. Further down, the 0.6600 level comes in as the next downside target. Conversely, resistance resides at the 0.6750 level where a break will aim at the 0.6800 level. A break of here will have to occur to create scope for a run at the 0.6850 level. Further out, resistance stands at the 0.6900 level. Its daily RSI is bullish and pointing higher suggesting further recovery higher. All in all, NZDUSD faces further upside pressure.

GBPJPY: Bullish, Set To Close In On The 150.00 Area GBPJPY: The cross rallied strongly on Thursday opening the door for more price gain in the days ahead. On the downside, support comes in at the 149.00 level where a violation will aim at the 148.50 level. A break below here will target the 148.00 level followed by the 147.50 level. Conversely, resistance is seen at the 149.50 level followed by the 150.00 level. A cut through that level will set the stage for a move further higher towards the 150.50 level. Further out, resistance resides at the 151.50 level. Its daily RSI is pointing higher suggesting further upside pressure. All in all, GBPJPY faces further upside pressure.

EURUSD: Breaks Above Key Resistance, Targets 1.1790/99 Region EURUSD: The pair saw a strong price rally on Thursday opening the door for more gain in the days ahead. On the upside, resistance comes in at 1.1790/1.1800 levels with a break through here opening the door for more upside pressure towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1.1950 level. Its daily RSI is bullish and pointing higher suggesting further pressure. Conversely, support lies at the 1.1750 level where a violation will aim at the 1.1700 level. A break of here will aim at the 1.1650 level. Below here will open the door for more weakness towards the 1.1600. All in all, EURUSD continues to face further upside pressure.