OVERVIEW => USD a bit more bid in the overnight session after yesterday’s move and slight weak data- we maintain our bullish view on the USD vs EUR, GBP, JPY and AUD.
{EU} EURUSD Lower => We have gone back through the 1.06 level now and we maintain our conviction of EURUSD lower. Resistance will now come in at 1.0645 and then 1.0684, while on the downside the next support levels should be 1.0520-30.
{GB} GBPUSD Lower => We continue to favour broader USD strength vs GBP with key levels: Lows from 2013 of 1.4814 are the next support level, is the topside 1.5030 resistance.
{JN} USDJPY Higher => We still like the pair higher with levels to watch: the key resistance level is 122.00-05, while on the downside, the main support levels are 120.90 and 120.60-75 below.
{AU} AUDUSD Lower => We foresee more AUD weakness and like the pair lower, with key levels: topside resistance at 0.7720 and 0.7740, with the yesterday’s lows of 0.7575 and 0.7560 the support below.
{CA} USDCAD Higher => We like the pair higher again. Key technical levels: support at 1.2630 and then 1.2550, with the main resistance level coming in at 1.2800.
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