Forex Majors technical analysis EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, EURGBP, USDJPY
The pair is in the triangle now between 1.05200 and 1.08000 level. The downside support zone is 1.07500-1.0800. Look for only short entries in this zone as long as the pair is below 1.08500 level. No change in view as the pair is testing 200 SMA.
Only the daily close above 1.2680 will invalidate sideways range between 1.2000-1.2700. The pair is approaching the 1.2500-1.2550. Waiting for a reaction from here. Short entries are still preferred with SL above 1.2600. No change in view.
The pair has pulled back after rejection for 1.3500 level and is testing the strong upside support 1.3250-1.3300 zone. Bounce from here could lead to and upside continuation but we need to see a daily close above 1.3430. Long entries are preferred here with SL below 1.3250. No change in view.
The pair has retested again the falling trend line 0.7700 level and is rejected for now. Look only for short entries with SL above 0.7750 level. Only the clear daily close above 0.7750 level will invalidate the downside. The pair is rejected again from important level and a daily close below 0.7540 would accelerate the downside.
NZDUSD is falling again from the 0.7050-0.7100 zone. The daily close below 0.7000 is required for the downside continuation. SL on short entries above 0.7100 level as the pair is testing again 0.7050-0.7100 zone.
The pair is testing now 0.8500-0.8560 support zone. Bounce from here and a break above 0.8700 will open the upside continuation. The daily close below 0.8560 is required for the downside continuation. No change in view.
The pair has broken below 111.600 level and is now testing the important 110.650 level of support. The daily close below this level could lead to 108-109 zone test. The bounce from this level is required for the upside reversal into upper wedge range 113 level.