EURUSD
US dollar is off its intraday high but is still on positive territory at 1.0765, up 0.16%. The pair has found support on the 61.8% Fibonacci retracement and and next resistance would be the area where both 50% Fibonacci and the 55 day EMA are almost overlapped in area 1.0820. A breakout of this level is likely to lift EURUSD to 1.0870 and then to 1.0950. A close below today low 1.0732 would trigger some bearish sentiment and today activity would be interpreted a reversal more than a trading range development. Below 1.0635 likely to see some SL triggered of long positions.
R1 1.0820
R2 1.0870
R3 1.0950
S1 1.0732
S2 1.0635
S3 1.0540
USDJPY
The pair is struggling to consolidate above the 50% retracement from last October highs to its January lows. At the same time a bullish channel had been in formation thus technical setup is positive in the short to medium term. The next more relevant static resistance would be near the 61.8% Fibonacci retracement in area 142.50 while the below last week lows 138.43 cannot be excluded a drop to test area 136.64.
R1 139.65
R2 142.50
R3 146.6
S1 138.43
S2 136.64
S3 133.80
USDCAD
Area 1.3320 is working as a support. In case of bearish pressure below this level area 1.3267 and 1.3218 would be the closest price supports to watch. Above 1.3407 likely to see a rally to near 1.3520.
R1 1.3407
R2 1.3520
R3 1.36
S1 1.3267
S2 1.3218
S3 1.3078
XAUUSD
The shiny metal found support in area 1,940 $/oz, a 50% retracement from its February to May uptrend. Below this static level the commodity may drop to 1,900 and then test the 200 day SMA, now in area 1,836. A consolidation above 1,990 could lift XAUUSD to 2,020 and then retest its record high near 2,070.
R1 1,970
R2 2,030
R3 2,070
S1 1,940
S2 1,900
S3 1,830
