Daily Tech Levels

Click on a currency to view our summary of its market position.

  • AUD
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  • NZD
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  • XAU
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  • JPY
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  • EUR
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  • GBP
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  • CHF
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  • CAD
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  • 2:47pm June 21, 2017

    AudUsd

    The Aussie has traded in a relatively tight range for the last few days and traders will be looking for something fresh on one side of the pair to drive it in a new direction.

    • R2- 0.7725 – Long term TL
    • R1 – 0.7626 – TL + recent highs
    • S1 – 0.7561 – TL
    • S2 – 0.7520 – Multiple lows
    • 3:41pm June 20, 2017

      The Aussie has traded in a tight range so far today with Moody’s downgrade of the Australian Banks not putting too much pressure on the currency as it was just coming into line with the other ratings agencies and the Monetary Policy Minutes didn’t give us anything fresh.

      • R2- 0.7726 – Long term TL
      • R1 – 0.7628 – TL + recent highs
      • S1 – 0.7585 – TL
      • S2 – 0.7520 – Multiple lows
    • 1:49pm June 19, 2017

      Aussie is once again challenging the top of it’s recent run as we start this week’s trading. After last weeks data and the drop in the dollar on Friday, traders will be looking for levels to get long of the Aussie for the next few sessions.

      • R2- 0.7726 – Long term TL
      • R1 – 0.7630 – TL + recent highs
      • S1 – 0.7593 – TL
      • S2 – 0.7520 – Multiple lows
    • 12:43pm June 15, 2017

      At last yesterday we got our move in the Aussie that we’ve been waiting days for, we saw a break of the topside and this was added to as US data printed lower than expected. The Fed saw the Aussie back lower but we’ve seen strong employment data this morning shoot the currency back north. With a bias to the topside in both the Aussie and the US dollar now likely for the next few sessions, traders will look to the Aussie crosses to take advantage of this morning’s numbers.

      • R2- 0.7727 – Long term TL
      • R1 – 0.7634 – TL + recent highs
      • S1 – 0.7550 – TL
      • S2 – 0.7520 – Multiple lows
    • 11:51am June 14, 2017

      The boredom continued for Aussie traders yesterday and the currency continued to sail in the doldrums near it’s recent highs. Trader may well now have conceded that they need something from the FOMC tonight to kick start the pair.

      • R2- 0.7729 – Long term TL
      • R1 – 0.7561 – TL
      • S1 – 0.7516 – recent low
      • S2 – 0.7373 – TL
    • 2:57pm June 13, 2017

      Aussie has continued to trade in a tight range now for a number of days, traders will be looking for the FOMC and the dollar side of the pair to kick it into a fresh direction later in the week.

      • R2- 0.7729 – Long term TL
      • R1 – 0.7564 – TL
      • S1 – 0.7516 – recent low
      • S2 – 0.7371 – TL
  • 2:52pm June 21, 2017

    NzdUsd

    The kiwi came off slightly with dollar appreciation over the last couple of days, but traders will be focusing on the RBNZ tomorrow morning. The pair should remain bid on dips as the thousands of Lions fans pour cash into the local bars and economy.

    • R2 – 0.7374 – Years high
    • R1 – 0.7310 – TL
    • S1 – 0.7222- TL
    • S2 – 0.7164 – 12 June low
    • 3:44pm June 20, 2017

      The Kiwi bounced well off of the trend line support today, as the week progresses traders will look towards the RBNZ meeting early on Thursday morning for the next direction.

      • R2 – 0.7374 – Years high
      • R1 – 0.7312 – TL
      • S1 – 0.7222- TL
      • S2 – 0.7164 – 12 June low
    • 4:37pm June 19, 2017

      Kiwi continues to bounce well on any dips as the ‘Lions Trade’ continues to provide support for the flightless bird. With the RBNZ due later in the week, it will continue to trade in line with the general dollar sentiment for the next few sessions.

      • R2 – 0.7374 – Years high
      • R1 – 0.7314 – TL
      • S1 – 0.7217- TL
      • S2 – 0.7164 – 12 June low
    • 12:47pm June 15, 2017

      Kiwi broke out of it’s recent range last night as the US data and FOMC led to big see saw moves across the market.

      • R2 – 0.7374 – Years high
      • R1 – 0.7318 – TL
      • S1 – 0.7217- TL
      • S2 – 0.7164 – 12 June low
    • 11:56am June 14, 2017

      Kiwi has continued to trade in a tightening range over the last couple of sessions, respecting both the top and downside trend lines. Tonight’s FOMC may be the catalyst that pushes it out of these recent ranges.

      • R2 – 0.7246 – Feb High
      • R1 – 0.7225 – TL
      • S1 – 0.7198- TL
      • S2 – 0.7062 – TL
    • 3:00pm June 13, 2017

      Kiwi has traded in relatively tight ranges over the last few sessions and has remained trading with a bid tone in today’s session. Traders will be targeting the Feb High later in the session.

      • R2 – 0.7246 – Feb High
      • R1 – 0.7225 – TL
      • S1 – 0.7186- TL
      • S2 – 0.7051 – TL
  • 3:17pm June 21, 2017

    XauUsd

    Gold continued to drift off in yesterday’s trading as the dollar came back stronger again. The support trend line is now coming in at 1,2400.00 and traders will be monitoring that closely in the coming sessions.

    R2 – 1,276.60 – TL
    R1 – 1,265.50 – TL
    S1 – 1,2400.00 – TL
    S2 – 1,213.80 – May low

    • 3:31pm June 20, 2017

      Gold drifted off in yesterday’s trading as the dollar came back strongly after comments from the Fed’s Dudley. The support trend line is now coming in at 1,2400.00 and traders will be monitoring that closely in the coming sessions.

      R2 – 1,278.00 – TL
      R1 – 1,268.50 – TL
      S1 – 1,2400.00 – TL
      S2 – 1,213.80 – May low

    • 3:01pm June 14, 2017

      Gold came back better bid yesterday as traders cut some positions ahead of tonight’s FOMC. Traders are looking for this meeting to give the metal it’s next medium term direction.

      R2 – 1,337.40 – Nov High
      R1 – 1,285.70 – TL
      S1 – 1,260.30 – TL
      S2 – 1,236.00 -TL

    • 1:55pm June 7, 2017

      Gold had another good move to the topside yesterday as risk fell across the board and safe haven buying occurred ahead of the large risk events approaching. It capped out around this years highs, but further risk aversion should see if make fresh highs today.

      R2 – 1,337.40 – Nov High
      R1 – 1,295.00 – TL
      S1 – 1,266.60 – TL
      S2 – 1,258.60 -TL

    • 1:53pm May 31, 2017

      Gold stuck to it’s recent range after capping out on the trend line resistance on a couple of occasions before drifting lower.

      R2 – 1,281.60 – TL
      R1 – 1,269.30 – TL
      S1 – 1,257.30 – TL
      S2 – 1,227.60 -TL

    • 12:22pm May 30, 2017

      Gold has had a look to the topside already today after a quiet holiday trading day yesterday. Further political uncertainty will continue to push Gold higher and traders will be monitoring this sentiment closely as the day progresses.

      R2 – 1,282.00 – TL
      R1 – 1,270.30 – TL
      S1 – 1,254.50 – TL
      S2 – 1,226.60 -TL

  • 3:05pm June 21, 2017

    UsdJpy

    UsdJpy has dropped off recent highs today in line with lower stock markets, traders will continue to monitor that correlation as we move forward into the end of the week.

    • R2 – 111.71 – TL
    • R1 – 111.48 – Cloud Top
    • S1 –  111.20 – Cloud Base
    • S2 – 109.03 – TL
    • 4:49pm June 20, 2017

      UsdJpy bounced well off of the cloud top last night and has found some resistance just under 111.80 during the Asian session. Risk events tonight include central bankers and the US current account data.

      • R2 – 113.06 – TL
      • R1 – 111.74 – TL
      • S1 –  110.98 – Cloud Top
      • S2 – 110.44 – Cloud Base
    • 5:18pm June 19, 2017

      UsdJpy continues to trade to the topside as the stock markets remain bid, traders will continue to monitor risk appetite and the stock markets as the day progresses before we hear from the fed’s Dudley later on.

      • R2 – 111.71 – Month High
      • R1 – 111.31 – TL
      • S1 –  110.80 – Cloud Top
      • S2 – 110.09 – Cloud Base
    • 2:32pm June 15, 2017

      We saw some decent moves in UsdJpy yesterday as it first topped out on the trend line resistance and then broke through cloud support well on the back of poor US data. Now back in mid range but expect buyers to appear on dips after last nights Fed meeting.

      • R2 – 110.25 – TL
      • R1 – 109.96 – Cloud Bottom
      • S1 –  108.83 – TL
      • S2 – 108.11 – April low
    • 2:18pm June 14, 2017

      UsdJpy has come back slightly better bid today having dipped down to 109.60 during yesterdays trading . Traders will continue to focus on the equity markets and general risk sentiment as we approach the FOMC tonight.

      • R2 – 110.42 – TL
      • R1 – 110.20 – Cloud Top
      • S1 –  109.35 – TL
      • S2 – 108.11 – April low
    • 3:42pm June 13, 2017

      UsdJpy has come back better bid in today’s trading in Asia after a couple of negative days. Traders will continue to focus on the equity markets and general risk sentiment as we approach the FOMC this week.

      • R2 – 110.60 – TL
      • R1 – 110.08 – Cloud Base
      • S1 –  109.29 – TL
      • S2 – 108.11 – April low
  • 3:02pm June 21, 2017

    EurUsd

    Euro dropped lower last night in line with the general dollar sentiment but is still holding to relatively strong levels. It’s quiet on the data release front in Europe for the next couple of days so the dollar side of the pair should dominate moves.

    • R2 -1.1299 – Nov 16 high
    • R1 – 1.1213 – Overnight high
    • S1 – 1.1118 – TL
    • S2 – 1.1107 – 30 May Low
    • 4:45pm June 20, 2017

      Euro has so far found some support on the trend line and near recent lows, but we have a few central bankers speaking tonight which could add some volatility to the market.

      • R2 -1.1299 – Nov 16 high
      • R1 – 1.1213 – Overnight high
      • S1 – 1.1142 – TL
      • S2 – 1.1107 – 30 May Low
    • 5:10pm June 19, 2017

      The Euro came back nicely bid off the trend line support on Friday as the poor US data gave it a lift. It’s now back in mid range as we enter the London session.

      • R2 -1.1299 – Nov 16 high
      • R1 – 1.1294 – TL
      • S1 – 1.1151 – TL
      • S2 – 1.1107 – 30 May Low
    • 2:20pm June 15, 2017

      The Euro had a whippy night last night as the US data and then the Fed took it one way and then the other. We should see sellers continue to appear over the next few sessions on the back of the more hawkish Fed.

      • R2 -1.1299 – Nov 16 high
      • R1 – 1.1295 – TL
      • S1 – 1.1196 – TL
      • S2 – 1.1157 – TL
    • 12:25pm June 14, 2017

      Euro continued to trade in a relatively tight range last night but came back better bid later in the session. Traders are waiting on tonight’s FOMC for the next move.

      • R2 -1.1299 – Nov 16 high
      • R1 – 1.1285 – TL + multi highs
      • S1 – 1.1197 – TL
      • S2 – 1.1142 – TL
    • 5:00pm June 8, 2017

      Once again Euro topped out around 1.1285 last night and we could see a bit more of yesterday’s volatility ahead of the ECB rate decision tonight. The market will be heavily focused on this meeting and any deviation from expectation (the status quo) could see some significant moves.

      • R2 -1.1299 – Nov 16 high
      • R1 – 1.1285 – TL + multi highs
      • S1 – 1.1220 – TL
      • S2 – 1.1108 – Last weeks low
  • 2:57pm June 21, 2017

    GbpUsd

    The Cable took a step down last night in line with the stronger dollar and Carney dovish comments. Traders will continue to monitor the Brexit negotiations and the general dollar sentiment for the next move.

    • R2 – 1.2905 – TL
    • R1 – 1.2773 – Short term TL
    • S1 – 1.2604 – TL
    • S2 – 1.2528 – TL
    • 4:41pm June 20, 2017

      The Cable has been quiet despite the start of Brexit negotiations yesterday, we have got Governor Carny speaking tonight at 5.30 pm and traders will be watching closely to see what he’s got to say.

      • R2 – 1.2912 – TL
      • R1 – 1.2793 – Short term TL
      • S1 – 1.2681 – TL
      • S2 – 1.2523 – TL
    • 4:48pm June 19, 2017

      The brexit negotiations start today which could see a bit of volatility added to the cable, but don’t hold you’re breath as they are expected to go on for 2 years. We saw relatively tight ranges on Friday and into today, but that could change quickly as the London market opens.

      • R2 – 1.2920 – TL
      • R1 – 1.2784 – Short term TL
      • S1 – 1.2673 – TL
      • S2 – 1.2500 – TL
    • 2:02pm June 15, 2017

      Cable had a see saw day on the back of the US dollar moves but managed to keep it’s bounce from last week’s election. Traders will continue to look for levels to sell in the current environment. We do have Retail Sales and the BOE tonight which as usual could disrupt things a bit.

      • R2 – 1.2935 TL
      • R1 – 1.2829 – Short term TL
      • S1 – 1.2655 – TL
      • S2 – 1.2500 – TL
    • 11:46am June 14, 2017

      Cable showed it’s first decent sign of strength yesterday since the election with a move back off the lows as some profit taking took place ahead of tonight’s FOMC. It seems to have found some short term resistance around 1.2760 so far.

      • R2 – 1.2865 – TL
      • R1 – 1.2760 – multiple highs
      • S1 – 1.2646 – TL
      • S2 – 1.2500 – TL
    • 4:53pm June 8, 2017

      Cable is having a look at the topside resistance as we enter the London session in what could prove to be the most volatile day in the sterling since Brexit. It’s election day at last and the market is still trading on the bid side in line with expectation of a ‘good’ Conservative victory. The risk is definitely with the downside for the currency and this will come with a strong showing from Labour. It will actually be much later in the day that the volatility hits the market as the results start to come in and we start to get a firm idea of how things are panning out.

      • R2 – 1.3047 – May 18 high
      • R1 – 1.2969 – Today’s high
      • S1 – 1.2838 – TL
      • S2 – 1.2758 – April 21 low
  • 3:14pm June 21, 2017

    UsdChf

    UsdChf traded well in line with the US dollar sentiment and moves last night and was little affected by comments from the SNB chief. Traders will continue to monitor the US dollar sentiment for the next step in the swissy.

    • R2 – 0.9808 – 30 May
    • R1 – 0.9760 – TL
    • S1 – 0.9650 – TL
    • S2 – 0.9542 – Nov Low
    • 2:53pm June 15, 2017

      UsdChf traded well in line with the US dollar sentiment and moves last night, hitting both trend lines well. We have the SNB tonight which could shake things up a bit.

      • R2 – 0.9808 – 30 May
      • R1 – 0.9733 – TL
      • S1 – 0.9635 – TL
      • S2 – 0.9542 – Nov Low
    • 2:54pm June 14, 2017

      UsdChf has continued to trade in relatively quiet ranges as we approach the FOMC. Traders will be looking for break trades after the meeting.

      • R2 – 0.9748 – TL
      • R1 – 0.9687 – TL
      • S1 – 0.9632 – TL
      • S2 – 0.9542 – Nov Low
    • 11:56am May 31, 2017

      UsdChf had a bit of a head fake to the topside last night before drifting back into the range, traders will continue to monitor and fresh ECB news as we got last night for the next direction.

      • R2 – 0.9899 – TL
      • R1 – 0.9808 – Overnight high
      • S1 – 0.9675 – TL
      • S2 – 0.9542 – Nov Low
    • 12:18pm May 30, 2017

      The UsdChf had another quiet day yesterday as holiday markets reduced action, but has seen a bit of a move to the topside today in line with the general dollar sentiment.

      • R2 – 0.9912 – TL
      • R1 – 0.9800 – TL
      • S1 – 0.9674 – TL
      • S2 – 0.9542 – Nov Low
    • 2:25pm May 29, 2017

      The Swissy has been stuck in a pretty tight range for the last week or so and looks set to continue today as Bank Holidays affect the market.

      • R2 – 0.9927 – TL
      • R1 – 0.9780 – multi highs
      • S1 – 0.9672 – TL
      • S2 – 0.9542 – Nov Low
  • 3:11pm June 21, 2017

    UsdCad

    Once again the Loonie is trading in relatively tight ranges, traders will as usual be keeping a close eye on the Oil price as well as comments from the central bankers tonight.

    • R2 – 1.3345 – TL
    • R1 – 1.3293 – TL
    • S1 – 1.3174 – TL
    • S2 – 1.2967 – Years low
    • 5:18pm June 20, 2017

      Once again the Loonie is trading in relatively tight ranges, traders will as usual be keeping a close eye on the Oil price as well as comments from the central bankers tonight.

      • R2 – 1.3346 – TL
      • R1 – 1.3308 – Overnight high
      • S1 – 1.3170 – TL
      • S2 – 1.2967 – Years low
    • 5:28pm June 19, 2017

      The UsdCad has had a relatively quiet few sessions after last week’s fundamental change by the BOC, the US dollar side of the pair should dominate through tonight’s sessions as the Fed’s Dudley is due to speak.

      • R2 – 1.3346 – TL
      • R1 – 1.3308 – Overnight high
      • S1 – 1.3170 – TL
      • S2 – 1.2967 – Years low
    • 2:42pm June 15, 2017

      The Loonie traded very much in line with the US dollar yesterday and looks set to continue in that vein today, although as always traders will be watching the Oil price carefully.

      • R2 – 1.3412 – TL
      • R1 – 1.3271 – Overnight high
      • S1 – 1.3165 – TL
      • S2 – 1.2967 – Years low
    • 2:31pm June 14, 2017

      UsdCad continued it’s move south during yesterday’s trading, it’s found support on the long term trend line a couple of times so far and is sitting just above it as we move into the London session.

      • R2 – 1.3500 – TL
      • R1 – 1.3436 – TL
      • S1 – 1.3210 – TL
      • S2 – 1.2967 – Years low
    • 3:46pm June 13, 2017

      UsdCad had a good break down through the trend line support last night as comments from the BOC on rate hikes added support to the Cad.

      • R2 – 1.3663 – TL
      • R1 – 1.3513 – TL
      • S1 – 1.3213 – TL
      • S2 – 1.2967 – Years low

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