Trading plan for July 4

Trading plan for July 4

  • On Tuesday, the US dollar index couldn’t break the psychological level at $95 again and turned to the support at $94.50. On Wednesday, no important economic data will be released. As a result, there are risks of the further fall. If the index breaks the support at $94.50, the next one will lie at $94.20. If there is some positive news for the USD, the index will be able to return to the psychological level at $95.


  • On Tuesday, the pound strengthened because of the positive economic data. The construction PMI figure was greater than the forecast (53.1 vs 52.6). As a result, GBP/USD tested the resistance at 1.3180 (the pivot point and the trendline). To break the resistance, the GBP needs an additional support. On Wednesday, traders will look at services PMI data (11:30 MT time). The forecast is weaker than the previous data. However, if the actual one is greater than the forecast, the pound will strengthen. If the GBP/USD pair manages to break the resistance at 1.3180, the next one will lie at 1.3315. Otherwise, the pair will return to the support at 1.3070.


  • Wednesday is an important day for the Australian dollar. Retail sales and trade balance data will be released at 4:30 MT time. The forecast is mixed. If the actual data are greater than the forecast, the Australian dollar will strengthen. O Tuesday, AUD/USD managed to rebound from the support at 0.7320 and reach the resistance at 0.74 (the trendline). Only positive economic data will be able to pull the pair above the trendline. If the pair manages to break the trendline, the next resistance is at 0.7445. Otherwise, the pair will reverse to the support at 0.7320 again.



Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera