Technical Market View
AUD/USD
AUD is reaching the long term upward channel at 0,7700. 2007 lows were formed slightly below these levels. The area of 0,7700 or a slightly lower is capable of holding the decline, and lead euro towards 0,8500 area in the mid- term. This scenario will be canceled in case of a daily close below 0,7500...
In the daily chart we can see the ranges of the downtrend, which confirms the 0,7650-7700 sup-port levels. 0,8160-70 and 0,8250-70 are the resistance le-vels, and a break would indicate the reversal...
EUR/CHF
Yesterday's false break indicates that bulls are likely to dominate in the short term and a pullback to 1,6080-00 resis-tance is possible...
EUR/GBP
Sideways consolidation for the pair above the impor-tant base of 0,7900. A clear downward break could lead to a 100 pip decline... Resistance is found at 0,7980-00 area...
EUR/JPY
High volatility below 150,00 for EUR/JPY. If correc-tions remain above 148,00, a pullback to 153,50-00 will be possible...
GBP/JPY
Downward consolidation for the pair, with resistance above 192,30-50... The price should continue moving within these ranges...
USD/CAD
Triangle formation for USD/CAD and its base is found at 1,0570-90. A clear break could lead 1,400-30 area..
Gold
Gold is testing important resistance levels at 790-95. An upward break and a return to 840-850 is more likely ...
Silver
First resistance is found at 11,50-12,00...
Crude Oil
The area of 100 didn't hold as expected and crude oil continued its decline until the lower part of the downward channel. The reach of 100 again and a pullback to 106,00 is the most possible scenario...
DOW JONES
Important long term support for Dow at 10670-00. A clear break would bring con-cern of a move resumption to 10200... We search for reversal signs in the daily chart...
FX Greece
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