FX Review

EURUSD

Still trapped inside the triangle pattern.

1.13 Support, 1.14 resistance. Simple as that.

GBPUSD

Back testing major broken support (red rectangle). If it breaks back above it then we will have an important bullish sign. Rejection at current levels will lead to new lows.

USDCAD

Major bearish divergence signs. Price remains inside bullish channel for now. 1.33 short-term support and 1.3155 major horizontal support. If this level breaks, I would expect price to move below 1.30

USDJPY

Price remains in bullish trend in Ichimoku cloud terms as price remains above the Kumo (cloud). Major triangle being formed here as well. 112.50 major support, 114 is major resistance

AUDUSD

Above the Ichimoku cloud. Hasn’t done this since February. Trend might be changing here. Price pulled back to back test the broken cloud which is now support. A strong bounce of this cloud would be a bullish sign.

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