EUR/USD -- False break of trendline since June 14 targets
21-DMA, with 1.1466 Fibonacci strong support; bears should take
into account bullish hammer formed on the monthly
* 3rd resistance: 1.1733-50, highs in July-Aug.
* 2nd resistance: 1.1690, Aug. 31 high
* 1st resistance: 1.1632, conversion line
* Spot: 1.1612
* 1st support: 1.1585, Aug. 31 low
* 2nd support: 1.1543, 21-DMA
* 3rd support: 1.1530, Aug. 23 low
GBP/USD -- Failure at 55-DMA and trendline sees a
corrective pullback; bulls need 21-DMA to support as to keep
another test of August highs
* 3rd resistance: 1.3061, trendline resistance of channel since
May
* 2nd resistance: 1.3047, 55-DMA
* 1st resistance: 1.2967, session high
* Spot: 1.2930
* 1st support: 1.2855, 21-DMA
* 2nd support: 1.2846, Aug. 29 low
* 3rd support: 1.2800-08, Aug. 24 low-61.8% Fibonacci
retracement of mid-Aug. rebound
USD/JPY -- Consolidates amid weak signs of bullish bias
* 3rd resistance: 112.15, Aug. 1 high
* 2nd resistance: 111.83-87, Aug. 29-3 highs
* 1st resistance: 111.57, cloud top
* Spot: 110.90
* 1st support: 110.69, Aug. 31 low
* 2nd support: 110.52, Aug. 23 low
* 3rd support: 109.78, Aug. 21 low
AUD/USD -- Bearish bias prevails
* 3rd resistance: 0.7365, 55-DMA
* 2nd resistance: 0.7311, 21-DMA
* 1st resistance: 0.7238, Aug. 24 low
* Spot: 0.7198
* 1st support: 0.7166, session low
* 2nd support: 0.7145, May 2016 low
* 3rd support: 0.7107, last Fibonacci retracement of gains since
early 2016
Source: Bloomberg Finance L.P.
Chart: Used with permission of Bloomberg Finance L.P.
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