AUD/USD broke below 0.7600 yesterday as broad USD strength continued unabated for the 4th day this week. Strong Oil back above $50 did little support the Aussie with Gold continuing to crash lower down to $1250.
The market is looking forward to the US NonFarm Payrolls tonight with expectations of 171k in September vs. 151k in August. The strong or weak numbers are going to have a direct impact on December FED interest rate hike chances.
GBP/USD just crashed through 1.200 in 5 mins Asia to break to fresh lows for the post Brexit sell off. The market has recovered to 1.2400 but is still very fragile and awaiting the European open.
| GBP/USD |
10/7/2016 2:45 AM |
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Trend daily chart  (=) |
Trend weekly chart  (=) |
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GBP/USD Intraday: the downside prevails. |
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Pivot: 1.2615
Our preference: short positions below 1.2615 with targets at 1.2200 & 1.1940 in extension.
Alternative scenario: above 1.2615 look for further upside with 1.2690 & 1.2770 as targets.
Comment: the RSI has broken down its 30 level.
Supports and resistances:
1.2770 ***
1.2690 ***
1.2615 **
1.2373 Last
1.2200 *
1.1940 *
1.1770 * |
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