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