The formed bullish wedge pattern is continuing pressuring on the EUR/USD pair which gives it the chance to continue declining; the pair is trading now below the support level 1.4295 which coincides with 61.8% Fibonacci retracement correction level for the medium-term last bearish wave, so a further drop is expected for the pair targeting the support level 1.4120 which represents the formed pattern target price and also coincides with 38.2% from the same previous mentioned Fibonacci retracement correction levels.
This scenario depends on the stability of the resistance level 1.4295.
Res: 1.4406 1.4562 1.4672
Sup: 1.4140 1.4030 1.3874
The pair was unable to break up the resistance level 1.6475 during yesterday trades in a sign of returning declining to re-test the near support levels and this is what happened indeed but the declining was strong because of the U.S debt ceiling crisis so the U.S dollar rose against its all counterparts, the pair declined till reached the level 1.6260 which held against the declining of the pair with forming a new bottom, it is expected that the pair will continue declining during the upcoming trades in its way to decline correctly that will be confirmed with breaking down the support level 1.6260 then the pair will target to reach the level 1.6128 which represents 50.0% of fibonacci's correction level for the bullish move (From 1.5781 to 1.6475).
The stability of these expectatios requires the stability of the resistance level 1.6350
Res: 1.6432 1.6572 1.6670
Sup: 1.6194 1.6096 1.5956
The USD/CHF pair was able to fall previously breaking 0.7855 level forming a bottom at 0.7730 support level that pushed the pair to rise back retesting 0.7855, if this level held it will push the pair to fall retesting 0.7730 support level again and trading below this level will push the pair for further falling targeting 0.7605 support level, but trading above 0.7855 will push the pair to rise in order to retest 0.7970 resistance level.
Res: 0.7948 0.7948 0.8170
Sup: 0.7726 0.7617 0.7504
The USD/CAD pair is still moving inside a bullish channel as it achieved the previous mentioned targets although ofbreaking the support level 0.9506 but didnít hold stabile below it, so it is expected that the pair will continue rising targeting to re-test the resistance level 0.9591 and if the pair was able to be stable above this level, it will continue rising targeting the resistance level 0.9648 which represents the top border of the channel.
The stability of these expectations requires the stability of the pair above the support level 0.9530.
Res: 0.9618 0.9668 0.9732
Sup: 0.9504 0.944 0.939
During the previous trades, the AUD/USD stopped rising after the resistance level 1.1079 held to push the pair to trade below 1.0910 level during the current trades, which makes 1.0796 support level is the pair upcoming target in case the pair holds below 1.0910 level, but if the pair was able to trade above this level again it will rise in order to retest 1.1079 level.
Res: 1.1047 1.1126 1.1188
Sup: 1.0906 1.0844 1.0765