GBPUSD
GBPUSD gave
a sharp fall yesterday, as the official bank rates released 0.50%
with no change. The pair is in the longer term down trend and we
believe that it may travel down at 1.5100 level. At the moment we can
be sellers below 1.5200. The manufacturing production ought to
release at 05:30 pm may give some more bearish impact to the market.
We do not see potential for buying at this point of time.
EURUSD
EURUSD consolidated
yesterday in a tight range of 1.0895 to 1.0860. The pair in the
longer term down trend and so we think that we are again sellers with
the next breakout. If the market takes correction at this point of
time we can be buyers. We have to wait for some breakouts to enter
the market.
NZDUSD
NZDUSD tried to
breakout below 0.6585 but consolidated the whole day yesterday. The
pair is in the down trend and we believe that we may head towards
0.64 level. A major support can be seen at 0.6540 and if we break
this level we are sellers over a longer range.
AUDUSD
AUDUSD is moving
sideways trying to breakout of the tight range. The pair is already
below the major support area of 0.7200 level but is trying to make
another support at 0.7100. Once we break below this level we are
sellers and head towards 0.7000 and then probably to 0.69 level.
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