Technical levels on the major currency pairs

12.04.2017 / 10:49

Rating:

USD/JPY -- Continues to consolidate between 110.00/111.60
3rd resistance: 112.20 March 31 high
2nd resistance: 111.57 Elliott minor wave
1st resistance: 110.94 April 4/11 high
Spot: 110.40
1st support: 110.27 April 4 low
2nd support: 110.00 psychological level
3rd support: 109.93 cloud base/Fibo retracement

EUR/USD -- Higher for a test toward 100-DMA
3rd resistance: 1.0689 April 5 high
2nd resistance: 1.0662 50-DMA
1st resistance: 1.0624 100-DMA
Spot: 1.0613
1st support: 1.0570 April 10 low
2nd support: 1.0558 March 7 low
3rd support: 1.0525 March 9 low

GBP/USD -- Consolidating gains above multiple DMAs
3rd resistance: 1.2506 April 6 high
2nd resistance: 1.2478 April 7 high
1st resistance: 1.2450 April 6 low
Spot: 1.2433
1st support: 1.2377 March 29 low
2nd support: 1.2351 April 10 low
3rd support: 1.2324 March 17 low

USD/CAD -- Lower toward multiple DMA supports
3rd resistance: 1.3426 April 10 high
2nd resistance: 1.3398 April 6 low
1st resistance: 1.3342 April 7 low
Spot: 1.3322
1st support: 1.3287 100-DMA
2nd support: 1.3274 50-DMA
3rd support: 1.3220 200-DMA

AUD/USD -- Higher toward 100-DMA
3rd resistance: 0.7577 April 5 high
2nd resistance: 0.7553 200-DMA
1st resistance: 0.7515 100-DMA
Spot: 0.7509
1st support: 0.7476 April 10 low
2nd support: 0.7449 Jan. 13 low
3rd support: 0.7430 Jan. 12 low

NZD/USD -- Consolidating losses within downtrend below 0.7000
3rd resistance: 0.7050 March 28 high
2st resistance: 0.7022 April 4 high
1st resistance: 0.6994 April 7 high
Spot: 0.6945
1st support: 0.6921 April 10 low
2nd support: 0.6894 March 14 low
3rd support: 0.6872 Dec. 26 low

EUR/JPY -- Resuming downtrend below 200-DMA
3rd resistance: 118.79 April 5 high
2nd resistance: 118.07 April 10 high
1st resistance: 117.82 200-DMA
Spot: 117.13
1st support: 116.75 Nov. 18 low
2nd support: 116.52 Nov. 16 low
3rd support: 116.26 Nov. 17 low

EUR/GBP -- Consolidating losses below multiple DMAs
3rd resistance: 0.8594 200-DMA
2nd resistance: 0.8587 50-DMA
1st resistance: 0.8556 100-DMA
Spot: 0.8536
1st support: 0.8511 April 6 low
2nd support: 0.8496 233-DMA
3rd support: 0.8461 Feb. 27 low

Source: Bloomberg

Junior Trader Ivan Ivanov

Varchev Traders

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Technical levels on the major currency pairs

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