Forex Majors technical analysis EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, EURGBP, USDJPY
EURUSD
The pair is rejected from 1.05500-1.06000 downside support zone and is testing 1.03900 level again. Break and close below will open downside extension targeting 1.00907. SL on initiated shorts here should be above 1.0530.
GBPUSD
The pair is rejected from 100 SMA (red line) and has broken the wedge below 1.2600. As long as the pair is below 1.2457 we could see downside extension and a retest of 1.2000. Look for short entries in the case of the rallies higher, SL should be above 1.2400.
USDCAD
Bounced from long-term uptrend support. Any short term corrections should be used for long entries and SL should be below 1.3400. The pair is bouncing form a strong upside support 1.3400 after a rejection from 1.3600.
AUDUSD
The pair is consolidating in the 0.7150-0.7230 zone. Break and close below 0.7140 is needed for downside continuation. Targets lower are 0.7050 and 0.6875. SL on shorts should be above 0.7240.
NZDUSD is correcting recent swing lower. Rejected from downside support zone is 0.6950-0.7000. SL on shorts should be above 0.6980. First downside target is 0.6800.
EURGBP
Is reaching falling trend line 0.8570 level. Rejected from mention level and is now testing uptrend line 0.8450 level for downside continuation.
USDJPY
Is breaking flag for the upside continuation. Targets on the upside are between 121-124 zone initially.
