Major Support and Resistance FOREX 16.8.2017

EUR/USD -- Finding comfort below 21-DMA (1.1740); upshot may
be slide toward 1.1613-08 support
** 3rd resistance: 1.1893, Aug. 3 high
** 2nd resistance: 1.1847, Aug. 11 high
** 1st resistance: 1.1793, Aug. 15 high
** Spot: 1.1730
** 1st support: 1.1687, Aug. 15 low
** 2nd support: 1.1671, July 28 low
** 3rd support: 1.1650-40, July 27 low, ichimoku baseline

GBP/USD -- Respecting key support area at 1.2863-48 (100-DMA,
5-mo uptrend, 61.8% Fibonacci)
** 3rd resistance: 1.2970, Aug. 15 high
** 2nd resistance: 1.2940, Aug. 11 low
** 1st resistance: 1.2916, Aug. 15 mid open/close price
** Spot: 1.2860
** 1st support: 1.2819-12, daily cloud base, July 12 low
** 2nd support: 1.2794, June 28 low
** 3rd support: 1.2760-49, June 26 high, 76.4% Fibonacci of
June-Aug. rally

USD/CHF -- Bulls re-attempt break of 0.9769-73 ceiling
** 3rd resistance: 0.9847, 61.8% Fibonacci of May/July fall
** 2nd resistance: 0.9826, ichimoku cloud top
** 1st resistance: 0.9773-79, Aug. 8 high, 100-DMA
** Spot: 0.9732
** 1st support: 0.9702, Aug. 15 low
** 2nd support: 0.9675, Aug. 10 high
** 3rd support: 0.9605, Aug. 14 low

AUD/USD -- Staging bounce from 50% retracement line of July
rally; downside risks stay
** 3rd resistance: 0.7928, 21-DMA
** 2nd resistance: 0.7919, Aug. 14 high
** 1st resistance: 0.7877, Aug. 15 high
** Spot: 0.7863
** 1st support: 0.7818-08, 50% retracement of July advance, Aug.
15 low
** 2nd support: 0.7786, July 18 low
** 3rd support: 0.7760, 61.8% Fibonacci of July advance

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Trader Velizar Mitov

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