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Monday, April 20, 2015

AUD/USD: More Rate Cuts May Come, Indicated The RBA

The pair is expected to find support at 0.7641, and a fall through could take it to the next support level of 0.7589. The pair is expected to find its first resistance at 0.7787, and a rise through could take it to the next resistance level of 0.788.

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EUR/USD: Euro Trading Lower Ahead Of Germany's ZEW Survey

The pair is expected to find support at 1.0691, and a fall through could take it to the next support level of 1.0654. The pair is expected to find its first resistance at 1.0786, and a rise through could take it to the next resistance level of 1.0844.

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GBP/USD: Pound Extends Its Losses In The Asian Session

The pair is expected to find support at 1.4852, and a fall through could take it to the next support level of 1.4815. The pair is expected to find its first resistance at 1.4954, and a rise through could take it to the next resistance level of 1.5020.

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EUR/USD Daily Outlook

Intraday bias stays neutral for the moment. Consolidation pattern from 1.0461 is still in progress and stronger recovery cannot be ruled out. But near term outlook stays bearish as long as 1.1096 support turned resistance holds and downside breakout is expected. Below 1.0461 will extend larger down trend to next fibonacci level at 1.0283.

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USD/JPY: Japanese Yen Trading Lower In The Asian Session

The pair is expected to find support at 118.78, and a fall through could take it to the next support level of 118.16. The pair is expected to find its first resistance at 119.77, and a rise through could take it to the next resistance level of 120.14.

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USD/CHF: Swiss Franc Trading Lower This Morning

The pair is expected to find support at 0.9512, and a fall through could take it to the next support level of 0.9453. The pair is expected to find its first resistance at 0.9615, and a rise through could take it to the next resistance level of 0.9659.

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USD/CAD: Loonie Trading On A Weaker Footing In The Asian Session

The pair is expected to find support at 1.2202, and a fall through could take it to the next support level of 1.2145. The pair is expected to find its first resistance at 1.2292, and a rise through could take it to the next resistance level of 1.2326.

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