AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, & S&P 500

Overview:

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, and S&P 500.

USD strongly advanced after Fed Powell’s speech in the early morning indicated that interest rates are likely to be higher than expected.

Read the updated analysis below:

• AUDJPY closed below the 90.51 monthly support level.
• AUDUSD closed below the 0.6629 weekly support level.
• EURJPY reversed at last month’s high. A day down today will confirm a lower top signalling a reversal.
• EURUSD reversed and closed below the 1.0600 level.
• GBPJPY closed below the 163.03 weekly support level.
• GBPUSD closed below the 1.1841 weekly support level.
• NZDJPY closed below the 84.00 level.
• NZDUSD closed below the 0.6131 daily support level.
• USDCAD advanced breaking above the 1.3705 weekly resistance level.
• USDCHF advanced closing above the 0.9408 weekly resistance level.
• USDJPY advanced closing above the 137.08 daily resistance level.
• USD Index advanced and tested the 105.69 weekly resistance level.
• Gold declined and closed just above the 1807 weekly support level.
• S&P 500 declined and closed back below the 4000 level.

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