GS: G10 FX – London Spot Trader Views

All Asian markets have been driven lower and Asian currencies much weaker against USD, EUR and JPY. Commodity currencies continue to suffer, with NZD/USD the worst hit down -1.3% since the open. Given that oil has broken the 40 level, we still like USDCAD higher and AUDUSD lower.  
{EU} EURUSD Neutral => Key level for the session: resistance at 1.15, 1.1534 and 1.1620 (Pre-Jan ECB QE) and support at 1.1370 (o/n lows) and 1.1300.  
{JN} USDJPY Neutral => Support comes in around 120.40/50 with the 200 DMA and overnight lows (120.72/73) offering short term respite. On the topside 121.30 and then 121.80 should cap the pair on the session. 
{GB} GBPUSD Neutral => Support at 1.5640 with resistance at 1.5724 (Fridays highs). EURGBP: support at 0.7225 and 0.7280 and resistance at 0.7371 (200dma). 
{NZ} NZDUSD Lower => Key levels for the session: resistance at 0.6710 with support at 0.6513. 
{AU} AUDUSD Lower => Key levels for the session: 0.7200 and 0.7350 as support and resistance. 
{CA} USDCAD Long => The drop below null in WTI helped push USDCAD through the cycle high of 1.3213, with little above ahead of 1.3400. Support down at 1.3100 ahead of 1.3060. 
{SZ} USDCHF Neutral => Key technical levels for the session: Support at 0.9485/95 and resistance at 0.9330. 
eurgbp 200dma @ 0,7370 previous highs 0.7388 (9th june) 
View further market information in the FXWW Chatroom with a free trial.

Leave a Reply

Your email address will not be published.