GBPUSD
GBPUSD fell yesterday around 60pips and is moving in a range of 1.5395 to 1.5375. A breakout on the either side can give us a some short term movements but we see longer term selling opportunity if we break below 1.5365. Today in evening around 08:00pm the Official Bank rates are ought to come and technically we believe we may get to see some more bearish moves. At the moment we do not see potential for longer term buying.
EURUSD
Like British Pound, EURUSD also fell yesterday and made a new multi week low of 1.0844. The pair is in the huge down trend and so we do not see potential for buying at the moment. The next major support is at 1.0810 level and so we can be sellers. If we break this major support level we may probably head towards 1.0700 level.
NZDUSD
NZDUSD fell yesterday breaking the major support level of 0.6660. The 0.6585 level is offering the initial support and we feel if we break this level during the day we are sellers until we reach 0.6550 level. Talking over a short term frame, we see some buying opportunities above 0.6605 level.
AUDUSD
AUDUSD broke down yesterday and then consolidate within a range of 0.7155 to 0.7125. The 0.7120 level offers a major support so we believe we are sellers over longer term below this. We do not see potential for buying this pair as of now.
GBPUSD fell yesterday around 60pips and is moving in a range of 1.5395 to 1.5375. A breakout on the either side can give us a some short term movements but we see longer term selling opportunity if we break below 1.5365. Today in evening around 08:00pm the Official Bank rates are ought to come and technically we believe we may get to see some more bearish moves. At the moment we do not see potential for longer term buying.
EURUSD
Like British Pound, EURUSD also fell yesterday and made a new multi week low of 1.0844. The pair is in the huge down trend and so we do not see potential for buying at the moment. The next major support is at 1.0810 level and so we can be sellers. If we break this major support level we may probably head towards 1.0700 level.
NZDUSD
NZDUSD fell yesterday breaking the major support level of 0.6660. The 0.6585 level is offering the initial support and we feel if we break this level during the day we are sellers until we reach 0.6550 level. Talking over a short term frame, we see some buying opportunities above 0.6605 level.
AUDUSD
AUDUSD broke down yesterday and then consolidate within a range of 0.7155 to 0.7125. The 0.7120 level offers a major support so we believe we are sellers over longer term below this. We do not see potential for buying this pair as of now.
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