EUR/USD
EURUSD initially gained during the day moving towards
1.14 level. With the ZEW Economic Sentiment the pair fell to 1.1365
level, but we believe the pair is in uptrend and if it crosses 1.1465
level we may end up reaching 1.15 level and then probably to 1.16
level.
GBP/USD
GBPUSD initially rose during the but after the yearly
CPI release came out to be -0.1% the currency fell against USD
slicing towards 1.5245 level. GBPUSD has completely changed its and
if we break below 1.5200 level we are sellers. Short term rallies may
give us trading opportunities but we have to be at safer level if we
enter the market.
AUD/USD
AUDUSD went back and forth during the day. The pair
has changed the uptrend. 0.7285 is the immediate support at the
moment and so if we break below this level we are sellers. The four
hourly chart shows a clear rounding top. We do not see potential for
buying at the moment.
NZD/USD
NZDUSD rallied during the day trying to break below
0.6660 level. The pair is in longer term up trend and the pull backs
are the buying opportunities. 0.6740 level has been the major
resistance in this market and we feel that if we break above this
level we are longer term buyers. For short term trading we have to
wait for right time to enter into the market.
No comments:
Post a Comment