Not much to add: As long as the resistance line of 0.9994 is not clearly broken in a 4 hourly close basis the down trend could continue. Sell the USD at 0.9960 and 0.9990 with sl above 1.0020
Support at 0.9914, 0.9862, 0.9785
Resistance at 0.9934, 0.9994, 1.0045
A correction down is anytime possible as long as the resistance line of 1.0829 is not clearly broken in a 4 hourly close basis. Stand aside for today.
Support at 1.0725, 1.0618, 1.0580
Resistance at 1.0772, 1.0829, 1.0874
Not much to add: The technical indicators are pointing an oversold USD and a correction up in the direction of 113.95 is possible before the down trend will take place again. Sell the USD at 113.60 and 113.90 with sl above 114.20.
Support at 112.48, 112.08, 111.39
Resistance at 113.23, 113.95, 114.50
Continues to be friendly, the up-move could extend to 0.7700-0.7720 in the next trading sessions.
Support area between 1190.00 and 1195.00 was in fact strong enough to stop any Gold losses in the short term and returned to 1215.00-1220.00 (1225.30 yesterday’s high). A clear break and stabilization above 1220.00 is needed for higher levels.
No change, as long as this pair is trading above 1.2380-1.2420 the positive bias is likely to prevail with upside potential to retest the 14th of December highs at 0.7720 first (1.2707 yesterday’s high)and probably 1.2730-1.2730 (13th and 14th of December highs) later on.