Forex Majors technical analysis EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, EURGBP, USDJPY
EURUSD
The pair has broken above the key 1.10000 level. This break is expected to lead to an upside continuation into 1.13000-1.14000 zone. Only long trade entries are recommended. SL should be below the support 1.11000 level. No change in view.
GBPUSD
The pair is reaching the support 1.2670-1.2800 zone. This zone should provide support for the upside continuation. The break below 1.2800 level could lead to a 1.2700 level retest.
USDCAD
The pair has bounced from the 1.3350 support level and has reached the 1.3500 level of downside support. Staying aside here. Only the daily close below 1.3340 level would lead to continuation into 1.3200 level.
AUDUSD
The pair has broken above the falling wedge and is retesting the broken 0.7420 level. We need to see a daily close above the 0.7480 level for the upside continuation.
NZDUSD is pressing the 100 SMA 0.7070 level for the upside continuation into 0.7106 level and possible extension higher.
EURGBP
The pair is breaking above the 0.8600 level for the upside extension into 0.8750 level. The daily close above this level is required for the continuation higher. Look for the long entries only on the clear break of 0.8750 or on a pullback to 0.8600 level.
USDJPY
The pair could test the 200 SMA 109.769. Look for the pullback into 112 for the short entries with the SL above 113. No change in view as the pair is being rejected by 112.
USD correction is on a way. We need to see the reaction from this levels for the continuation higher or we will see downside continuation.