Forex Majors technical analysis EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, EURGBP, USDJPY
EURUSD
We need to see a break below 1.0350 for downside continuation. For now, shorts have a small risk here with SL above 1.0780 targeting 1.0500 and 1.0400. Invalidation of this long-term downtrend continuation only on a break above 1.0830. The pair is testing the first strong downside resistance 1.0650 level.
GBPUSD
The pair is still in the long-term downtrend as long as it is below Pitchfork downside channel median line 1.2630 level. New fresh shorts only on the daily break below 1.2450 targeting 1.2230 with SL above 1.2630.
USDCAD
Another close above 1.3050-1.3100 zone is indicating strong medium-term uptrend support in the pair, but we need to see a close above 1.3140 for the continuation higher into 1.3300-1.3400 zone. Only on a clear daily break below 1.3030, we could see more downside.
AUDUSD
The pair has broken below wedge resistance 0.7560 level and is testing the first strong downside support 0.7500 level. Below this level, we could see downside extension into 0.7350. Look for shorts here with SL above 0.7630 level.
NZDUSD is testing strong long-term downside support 0.7300 level with negative RSI (13) divergence. We need to see a close below 0.7220 level for downside continuation. Look for shorts here for now with SL above 0.7300.
EURGBP
The pair is testing first strong upside support 0.8500 level. If we get a bounce from this level expect upside continuation into 0.8600-0.8700 zone. Only on a clear break below this level, we could see the retest of 0.8300-0.8400 level.
USDJPY
The pair bounced again from 112.700-113 zone indicating continuation higher for now. Break above 115 is needed for the retest of 117.640.
