
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
As for the euro, it is dipping down not only because of the rising US dollar, but also concerns of the ECB that the stronger euro may threaten the EU recovery. Let’s look at the charts. EUR/USD has just broken down the key support of 1.8000 and keeps falling down. The move below the lower trendline near the support of 1.1770 will drive the pair to the low of August 12 at 1.1715. Resistance levels are at 1.1800 and 1.1850.
S&P 500 has set a record high yesterday, almost touching the 3 600 mark. If it manages to cross this level, it will jump to the key psychological mark of 3 650. Support levels are at 3 550 and 3 500.
Let’s move on to gold. XAU/USD was fluctuating inside of the triangle and finally it broke it down. If it falls below the support of $1 930, the way to the next support of $1 910 will be clear. Resistance levels are at $1 950 and $1 990.
Finally, let’s discuss USD/JPY. The pair keeps rallying upward. If it crosses the high of August 26 at 106.50, the doors towards the high of August 28 at 106.70 will be open. Support levels are at the key psychological mark of 106.00 and at the low of September 1 at 105.70.
Follow US PMI report and unemployment claims!
The Australian economy has been on a steady recovery path, and now we have a very symbolic confirmation that S&P ASX 200 is about to cross 7000!
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Here are a short wrap of the latest news and the tech analysis of EUR/USD, AUD/USD, and gold.
Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
In this article, you'll find the latest news and tech analysis of EUR/USD, gold, and GBP/USD!
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