21 June: Forecast: FX: US$/Majors: FXCharts

Running short of time today, so levels only.

Essentially, I prefer to be long US$ on all fronts, with the exception of the Kiwi where I have a neutral stance.

There is little data due today so it may be a quiet session although the BOJ Minutes are due and may cause some ripples in the Yen pairs.

EURUSD: 1.1133
24 Hour: Mildly Bearish – Prefer to sell rallies Medium Term: Mildly Bearish
                                          Resistance Support
1.1253 (76.4% pivot of 1.1295/1.1118) 1.1118 Session low
1.1228 (61.8% pivot of 1.1295/1.1118) 1.1108 30 May low
1.1212 19 June high 1.1075 18 May low
1.1185 (38.2% of 1.1295/1.1118) 1.1067 (23.6% of 1.0340/1.1295)
1.1159 (23.6% of 1.1295/1.1118) 1.1017 (38.2% of 1.05701.1295)

Economic data highlights will include:

ECB Non-Monetary Policy Meeting, US Existing Home Sales, EIA Crude Oil Stocks Weekly Change


USDJPY: 111.48
24 Hour: Prefer to buy dips Medium Term: Prefer to buy dips
                                         Resistance Support
112.50 Minor 111.30 Session low
112.22 (61.8% of 114.36/108.80) 110.90 (23.6% of 108.80/111.59)
112.12 24 May high/Daily cloud top 110.72 19 June low /200 DMA
111.90/82 100 DMA /Daily cloud base 110.64 16 June low
111.78 Session high 110.05 200 HMA /Weekly Tenkan

Economic data highlights will include:

BOJ Minutes


GBPUSD: 1.2622
24 Hour: Prefer to sell rallies Medium Term:  Mildly Bearish
                                         Resistance           Support
1.2772 (38.2% of 1.3047/1.2602) 1.2622 100 DMA
1.2740 200 HMA 1.2602 Session low
1.2707 (23.6% of 1.3047/1.2602) 1.2582 (50% pivot of 2197/1.3047)
1.2680 Minor 1.2550 200 DMA
1.2640 Minor 1.2515 Minor

Economic data highlights will include:

Public Sector Net Borrowing Requirements (May)


USDCHF: 0.9750
24 Hour: Prefer to buy dips Medium Term: Mildly Bullish
                                         Resistance Support
0.9846 17 May high 0.9725 Session low
0.9825 18 May high 0.9695 19 June low
0.9807 30 May high 0.9675 Minor
0.9770 15 June high 0.9640 14 June low
0.9765 Session high 0.9613/16 6 June low /9 June low


AUDUSD: 0.7579
24 Hour: Prefer to sell rallies Medium Term: Neutral
                                         Resistance                                         Support
0.7675 30 Mar high 0.7570 Session low
0.7645 (61.8% of 0.7750/0.7329) 0.7560 100 DMA
0.7635/31 14 June high/15 June high 0.7533 (38.2% of 0.7370/0.7635)
0.7623 Session high 0.7525/21/23 200 DMA /12 June low /13 June low
0.7600 Pivot 0.7500 Minor

Economic data highlights will include:                                                                    

WBC Leading Economic Index


NZDUSD: 0.7238
24 Hour: Neutral Medium Term: Neutral
                                         Resistance Support
0.7319 14 June high 0.7219 Session low
0.7298 19 June high 0.7200 16 June low
0.7285 Minor 0.7185 15 June low
0.7275 Minor 0.7150 Minor
0.7266 Session high 0.7127 (38.2% of 0.6817/0.7319)

By | June 21, 2017
Source: FXCharts

Leave a Reply