Forex Morning Updates

[Investija.com]

AUDUSD - Possible breakout by resistance level, bears are in danger above resistance. Waiting action remains for now.

EURUSD - Bulls are heading towards new highs by breaking resistance, however a breakout confirmation is needed in order to look for trend reversal point. Waiting is better option for now.

EURGBP - Another bulls attempt to slide above resistance level is not successful yet. If breakout is not confirmed, a rebound is expected back to support level.

NZDUSD - Further bouncing between support and resistance levels is expected

USDCAD - Wide trading range continues, erratic situation. Waiting action holds for now.

GBPUSD - Concentration near support is extended, bulls are not surrendering against bears side. However, negative trend is active. A break of support can initiate stronger downtrend movements.

USDJPY - Low movements are extended. Resistance level holds bulls from further climbing. Waiting action remains.

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[Investija.com]

AUDUSD - This pair has shown bulls strength above resistance levels breakout. Look for short term upswings possibilities.

EURUSD - Low trading range continues, resistance level holds bears in safer area. Just above resistance bulls can get their confidence back.

EURGBP - Consolidation continues between support and resistance barriers. Neutral situation is valid for now.

NZDUSD - A break of resistance level is the first sign of bulls recovery, however neutral area is still valid.

USDCAD - Negative trend continues further downside, look for selling options below support barrier.

GBPUSD - Once again bulls are heading for another attempt to break resistance. A possible penetration can influence bears to surrender. Waiting action holds for now.

USDJPY - Bulls still have issues to recover their lost positions. Waiting action remains for now.

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[Investija.com]

New support and resistance levels are formed again. Bearish side is loosing their confidence after each bulls attempt to recover the price. At the moment, bearish side can initiate stronger negative movements downside just below support barrier. While support level holds, bulls have potential to break resistance level. Waiting action remains for now.



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[Investija.com]

AUDUSD - Low trading range is formed between support and resistance barriers. Major trend reverse can occur below support level. Waiting action holds for now.

EURUSD - In order to continue moving further downside, support level needs to be broken. While this barrier holds, bears movement is limited.

EURGBP - Consolidation is formed near support barrier, a break of lower boundary at 0.8750 – negative movement is expected.

NZDUSD - Neutral situation is still valid, however below support line at 0.6906 bears can get their shape back and extend current negative slide.

USDCAD - Bulls have climbed near resistance level, however significant barrier at 1.0574 is valid. While this level holds, further low price swings near resistance are expected.

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[Investija.com]

AUDUSD - Support level still holds bears side from further falling. At the moment a rebound back to resistance is expected.

EURUSD - Look for selling options below support level. However according to previous bullish movement – recovery is possible. At the moment waiting action remains.

EURGBP - While resistance and support levels stay active, upside and downside bouncing near support/resistance is possible.

NZDUSD - Significant support level remains active. Despite the current neutral situation, bearish side is stronger for now.

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[Investija.com]

Support and resistance level stay at the same levels, however bulls are heading towards resistance barrier. While trend line is not broken, bears are in safer area, however it looks like bulls are going for another attempt to test resistance barrier. Confirmation of resistance breakout is needed in order to initiate stronger bulls movement. Waiting action is better to take for now.



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[Investija.com]

Strong negative trend remains active, significant resistance level at 1.3646 still did manage to hold bulls from further climbing. At the moment, a rebound back to support level is expected. According to the current negative trend and importance of resistance barrier, bears are controlling the situation and selling actions are better options for now.



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[Investija.com]

Support level at 1.3461 still remains active, this barrier holds bears from further extension of current negative trend. Near support level narrow trading range is expected. Such situation can initiate another rebound back to resistance barrier and breaking trend line. However, despite current moves, waiting action remains with selling options.



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[Investija.com]

Bulls did manage to recover the price back to significant resistance barrier at 1.3646. While this level holds, previous positive bulls movement has limits. Despite the broken trend line, negative situation remains active for now. However, above resistance at 1.3646 bulls can overcome bears side. Look for possible resistance breakout to confirm bulls movement.



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[Investija.com]

Breakout at resistance level of 1.3646 occurred. While candles remain above resistance, possible bulls recovery can be initiated. However, despite this bulls action, waiting action still holds and bears are in better position. At the moment low trading range should be formed near resistance barrier in order to confirm bulls strength.



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