FOREX:EUR/CHF Eyes 1.2000 Test on Best Run Since 2006: Major Support and Resistance 19.04.2018

EUR/USD -- Still struggles to close above 1.24; essentially
trades directionless over past two months; a move above 1.2414
by close Thursday could mark completion of DeMark TD sequential
sell series setup
* 3rd resistance: 1.2476, March 27 high
* 2nd resistance: 1.2422-26, March 28 high, trendline since Feb.
16
* 1st resistance: 1.2414, April 17 high
* Spot: 1.2378
* 1st support: 1.2334-33, 21, 55-DMAs
* 2nd support: 1.2300, April 12 low
* 3rd support: 1.2215, April 6 low

EUR/CHF -- Set for 9th daily gain, longest winning run
since 2006; iconic 1.20 handle in focus
* 3rd resistance: 1.2104, March 2014 low
* 2nd resistance: 1.2019, pivot r2
* 1st resistance: 1.2000, psychological level
* Spot: 1.1990
* 1st support: 1.1949, April 18 low
* 2nd support: 1.1890, April 12 high
* 3rd support: 1.1812, 21-DMA

GBP/USD -- As long as last Fibo retracement of drop since
Brexit vote at 1.4338 caps on a closing basis, cable will find
it hard to extend rally since February-end
* 3rd resistance: 1.4517, midpoint of losses since 2014
* 2nd resistance: 1.4377, April 17 high
* 1st resistance: 1.4244-45, March 27-26 double-top
* Spot: 1.4202
* 1st support: 1.4174, April 18 low
* 2nd support: 1.4142, 21-DMA
* 3rd support: 1.4123, 61.8% Fibonacci retracement of gains
since April 5

USD/JPY -- Stays in bullish trajectory as 55-DMA holds and
pair trades in the cloud
* 3rd resistance: 108.44, 38.2% Fibonacci retracement of losses
since Nov. 6
* 2nd resistance: 107.78, April 13 high
* 1st resistance: 107.61, April 16 high
* Spot: 107.39
* 1st support: 106.90, 55-DMA
* 2nd support: 106.62-70, series of lows this month
* 3rd support: 106.58, 21-DMA

AUD/USD -- Looks for close above 55-DMA to indicate short-
term bottom in place
* 3rd resistance: 0.7917, March 14 high
* 2nd resistance: 0.7831, 38.2% Fibonacci retracement of losses
since Jan. 26 YTD high
* 1st resistance: 0.7813, Asia session high
* Spot: 0.7804
* 1st support: 0.7753-52, April 13-16 lows
* 2nd support: 0.7721, 21-DMA
* 3rd support: 0.7638-43, 78.6% Fibonacci retracement of gains
since December, March 29 low

Source: Bloomberg Pro Terminal

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