Important Events: US Building Permits Issued and Housing Starts data release (expected to have minimal impact). RBA meeting (could impact AUD/USD). BOJ policy decision and press conference (could impact USD/JPY)
EUR/USD
- Outlook: Bearish
- Trend: Likely downtrend
- Key Levels: 1.0530, 1.0581, 1.0658-1.0669, 1.0757, 1.0823, 1.0889, 1.0935, 1.1006, 1.1092
- Important factors: US Federal Reserve meeting, US economic data (building permits, housing starts)
GBP/USD
- Outlook: Bearish
- Trend: Possible downtrend
- Key Levels: 1.2215, 1.2269, 1.2349, 1.2429-1.2445, 1.2516, 1.2605-1.2620, 1.2691, 1.2786, 1.2863, 1.2981-1.2987
- Important factors: Bank of England meeting, UK inflation report
AUD/USD
- Outlook: Uncertain
- Trend: Possible consolidation ahead of RBA decision
- Resistance: 0.6584, 0.6615
- Support: 0.6528, 0.6497
- Important factors: RBA meeting (interest rate decision)
JPY/USD
- Outlook: Uncertain ahead of BOJ policy rate announcement
- BOJ Policy Rate expected to remain at -0.10%
- Important factors: BOJ Policy Rate announcement, Monetary Policy Statement, BOJ Press Conference
XAU/USD (Gold)
- Outlook: Bearish in the short term
- Trend: Downtrend channel
- Resistance: 2,163 (5/8 Murray – 21 SMA)
- Support: 2,125 (4/8 Murray)
- Target (sell): 2,090 (200 EMA)
BTC/USD (Bitcoin)
- Outlook: Bullish in the medium term
- Trend: Possible resumption of uptrend
- Support: $68,000, 20-day EMA (around $68,300)
- Resistance: $70,000
- Target (buy): $80,000
ETH/USD (Ethereum)
- Outlook: Bullish in the short term
- Trend: Possible resumption of uptrend
- Support: 3,430 (around 3/8 Murray)
- Resistance: 3,750 (4/8 Murray)
- Target (buy): 4,000
Categories: ARFX News
