During the session today, without significant data released in the afternoon, data released in today’s evening are much more important. Investors should operate with caution since the market in the evening is highly volatile. Australia has seen better-than-expected job data released at 9:30 this morning, backing up the bullish momentum of AUS which is predicted to considerably influence the big board.
Technically speaking, the candlestick chart of AUD/USD pair has rallied in today. Resistance is found at 0.7800 and support at 0.7637-0.7610. We are buyers of a call option with the entry position at the next pullback.
The EUR/USD pair have bounced around over the short term period without sustaining supporting motivation. Watching carefully the range at the hour level can help you determine the future direction. We found a supportive level at 1.1228 and resistive level at 1.1347.
We are considering buying call option, as the GBP/USD pair has hit its new high since June 4th. Valid support is found at 1.3439, and we would begin to buy call option in medium to long term period.
With influence of yesterday’s data, the USD/JPY pair has pulled back with downward trend in 4-hour level. We believe that puts should be purchased on signs of pips. Resistance is found at 123.882.
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