Gold price tests the key resistance 1780.00 now, and as we mentioned this morning, this resistance represents one of the next trend keys besides 1770.00 support, as the price needs to surpass one of them to detect its next destination clearly, which keeps our neutrality valid until now.
To review the expected targets after the breach, please check our morning report.
The expected trading range for today is between 1760.00 support and 1797.00 resistance.
The expected trend for today: Neutral
The GBPUSD pair resumes its negative trades to move away from 1.3680, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, and the way is open to achieve our waited target at 1.3570, reminding you that it is important to hold below 1.3680 to continue the expected decline.
The expected trading range for today is between 1.3560 support and 1.3720 resistance.
The expected trend for today: Bearish
The EURUSD pair didn’t show any strong move in the previous sessions, to continue fluctuating around 1.1730, thus, no change to the bearish trend scenario that targets 1.1605, reminding you that it is important to hold below 1.1780 to continue the expected decline.
The expected trading range for today is between 1.1640 support and 1.1780 resistance.
The expected trend for today: Bearish
The AUDJPY pair kept its stability within the bearish channel, to move away from the main resistance at 81.15, noticing recording some negative targets by reaching 78.85.
Note that the moving average 55 fluctuation near the major resistance confirms blocking trades within the bearish track, also, stochastic provides the negative momentum to ease the mission of forming new negative trades, to target 78.40 followed by 76.80 in the upcoming period.
The expected trading range for today is between 79.80 and 78.40
The expected trend for today: Bearish