EUR/USD
EURUSD rallied during the
day, just moving around 1.1145 to 1.1105 level. The currency pair is
in the down trend and we believe it is only a matter of time that the
trend may change at any time. The 1.1095 level is showing a major
support so if we break this level we may move towards 1.1020 and then
probably to 1.08 level. On the contrary, once we get above 1.1170
level we can see a trend change and we believe we would be buyers
then. The next resistance seems to be somewhere near 1.13 level. With
the next daily candle we feel buyers will enter into this market and
so we may get to see a bullish candle.
GBP/USD
GBPUSD fell during the day
slicing down to 1.52 level. The pair is in the longer term down trend
so we feel that we may move down to 1.5190 level as the next support
is seem to somewhere around this level. Up there, 1.5370 is the first
resistance that can be seen in the daily chart so if we break this
level we are buyers then and we can end up moving to 1.55 level. For
now, we are surely sellers until we reach 1.5170 and then breaking
this level can probably take the pair to 1.48 level.
AUD/USD
AUDUSD fell sharply after
the China manufacturing survey pointed to weaker conditions with the
currency. The pair is in the down trend so once we break below 0.7015
level we can reach 0.6965 level. It is only a matter of time that a
fall can be seen with the currency pair. We do not see potential for
buying this pair at all.
NZD/USD
NZDUSD fell as the china
manufacturing survey effected the Australian Dollar. We believe we
are standing on the major support at the moment so the next daily
candle can change the trend in the market. But if we break below
0.6230 level then we are sure that the market may reach 0.60 level
and then possibly move to 0.57 level. We have to wait for next daily
candle and also for a major bearish candle that breaks the major
support.
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