TECHNICAL's IN FOCUS
CURRENCIES:
AUDUSD :
Resistance Levels:
$ 1.0406 - $ 1.0447 - $ 1.0481
Support Levels:
$ 1.0331 - $ 1.0297 - $ 1.0256
Strategy:
Sell on Strength
GBPUSD :
Resistance Levels:
$ 1.6074 - $ 1.6131 - $ 1.6222
Support Levels:
$ 1.5926 - $ 1.5835 - $ 1.5778
Strategy:
Sell on Strength
A strong resistance is at 1.6005, if it breaks, then market may shoot up.
U.K. Unemployment rate ; Claimant Count change and MPC Meeting Minutes at 1330 (GMT+5) hours
EURUSD :
Resistance Levels:
$ 1.3151 - $ 1.3186 - $ 1.3234
Support Levels:
$ 1.3068 - $ 1.3020 - $ 1.2985
Strategy:
Sell on Strength
A strong resistance is at 1.3200, if it breaks then market may rise.
Spanish Bond Yield today.
G20 Meeting – Day 1!
Gold:
Resistance Levels:
$ 1650.50 - $1661.40 - $1667.60Support Levels:
$ 1633.40 - $1627.20 - $1616.30Strategy:
Range Trade
Short below 1648, target 1634, 1624 & 1612. If market breaks 1648 on the up side, it may go up.
Buy above 1648, target 1657.
U.S. Unemployment Claims at 1730, Existing Home Sales & Manufacturing Index at 1900 (GMT+5) hours
Silver:
Resistance Levels:
$ 31.80 - $ 32.12 - $ 32.35
Support Levels:
$ 31.26 - $ 31.03 - $ 30.71
Strategy:
Range Trade
Buy above 31.00, target 32.15 and 35.00.
Short below 31.00, target 30.17 and 29.40.
Crude Oil:
Resistance Levels:
$ 104.10 - $ 105.40 - $ 106.40
Support Levels:
$ 101.70 - $ 100.80 - $ 99.42
Strategy:
Sell on Strength
Short below 104.00, target 102.40 and 101.100.An upside penetration of 104.00 may call for 105.50 & 106.70