Technical Analysis

Technical Analysis: USD Finds Support
Euro (EUR)
Euro – 1.5905 : Initial support at 1.5866 (July 15 low) followed by 1.5841 (July 14 low). Initial resistance is now located 1.6038 (July 15 high) at followed by 1.6064 (1 month potential bull channel top).

Yen (JPY)
Yen – 104.75 : Initial support is located at 104.16 (July 15 low) followed by 103.69 (38.2% retracement of 0.9576-108.59). Initial resistance is now at 106.28 (July 15 high) followed by 106.82 (July 14 high).

Pound Sterling (GBP)
Pound – 2.0055 : Initial support at 1.9959 (July 11 low) followed by 1.9815 (July 14 low). Initial resistance is now at 2.0157 (July 15 high) followed by 2.0193 (Mar 27 high)

Australian Dollar (AUD)
Australian Dollar – 0.9805 : Initial support at 0.9708 (July 15 low) followed by 0.9664 (July 14 low). Initial resistance is now at 0.9849 (July 15 high) followed by 0.9895 (Bull channel top).

Gold (XAU )
Gold – 975 : Initial support at 968.4 (Jul 15 low) followed by 954.85 (Jul 14 low). Initial resistance is now at 988.4 (July 15 high) followed by 988.49 (76.4% retracement of the 1032.50-846.00 decline).

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