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euro The trading range is among the key resistance level at 1.5550 and the key support level at 1.5390.
gbp The British pound is still moving in its descending channel marking every day a new lower low or lower high and it is not at all trying to get out of it, yet now the currency reached to a very solid floor at 1.93s which represents a turning point for the royal currency which has forced it to retrieve back above 1.9400 targeting the 1.9610. The trading range is among the key resistance level at 1.9620 and the key support level at 1.9360. The general trend is to the downside as far as 2.0200 remains intact; targets are set at 1.9230 and 1.8700.
jpy The dollar against the Japanese yen broke yesterday the 104.85 weekly level, yet couldn’t breach the 105.43 daily area facing a very important resistance at the 105s. However, if it managed to close this week below 104.80 it will generate a movement to 102.20 again. The trading range for today is among the key resistance level at 105.30 and the key support level at 103.70. The general trend is to the downside as far as 109.00 remains intact; targets are set at 92.40 and 90.00.
chf The pair is still consolidating between two important levels at 1.0390 and 1.0620 where it is stuck in a tight range and preparing for a bigger movement to come if it managed to close above or below any of those mentioned. Today we might see an extension for the 1.0390 level, yet the momentum is not very promising. The trading range is among the key resistance level at 1.0620 and the key support level at 1.0390. The general trend is to the downside as far as 1.1000 remains intact; targets are set at 0.9670 and 0.9370
cad The USD/CAD pair is still trading within a narrow range that keeps tightening further and further reaching parity; where further Canadian dollar strength is expected given what happened yesterday and the shape of the charts and the power it has. The trading range is among the key resistance level at 1.0160 and the key support level at 0.9950. The general trend is to the downside as far as 1.0700 remains intact; targets are set at 0.9030 and 0.8840.
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