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The short-term technical outlook for EUR/USD, GBP/USD, NZD/USD, and CAD/USD is bearish. The short-term technical outlook for USD/JPY is uncertain due to possible intervention by the Bank of Japan. The short-term technical outlook for AUD/USD and CHF/USD is within their respective uptrend channels. The short-term technical outlook for Gold is bullish.


 

EUR/USD

  • Short-term outlook: Bearish
  • Resistance: 1.0750, 1.0775
  • Support: 1.0671, 1.0620
  • Trading Signals: Sell below 1.0750 with targets at 1.0681 and 1.0620. Buy around 1.0733 if MACD indicator is above zero and rising, with target at 1.0775.

 

GBP/USD

  • Short-term outlook: Bearish
  • Resistance: 1.2553, 1.2573
  • Support: 1.2492, 1.2039
  • Trading Signals: Sell below 1.2553 with target at 1.2492. Consider selling again if price breaks below 1.2039.

 

USD/JPY:

  • Short-term outlook: uncertain due to rumors of FX intervention by Bank of Japan.
  • Resistance: 162.50, 163.00, 159.60
  • Support: 157.00, 156.50, 154.85
  • Trading Signals: Consider buying USD/JPY around 156.53with target at 157.59. Consider selling USD/JPY if price reaches 155.75 with target at 154.85.

 

AUD/USD:

  • Short-term outlook: Possible correction within uptrend channel
  • Resistance: 0.6647
  • Support: 0.6528, 0.6486
  • Trading Signals: Buying or selling within range.

 

NZD/USD:

  • Short-term outlook: Downward trend with possible reversal towards the end of the week
  • Resistance: 0.6030, 0.6080
  • Support: 0.5860, 0.5810
  • Trading Signals: Consider selling fractional volumes within individual sessions if price reaches resistance.

 

CAD/USD:

  • Short-term outlook: Downward movement with possible reversal towards the end of the week
  • Resistance: 1.3800, 1.3850
  • Support: 1.3570, 1.3520
  • Trading Signals: Consider selling fractional volumes within individual sessions if price reaches resistance.

 

USD/CHF:

  • Short-term outlook: Bullish
  • Resistance: 0.9250, 0.9300
  • Support: 0.9000, 0.8950
  • Trading Signals: Consider buying with reduced volumes within separate sessions if price approaches support zone.

 

Gold (XAU/USD):

  • Short-term outlook: Bullish within uptrend channel
  • Resistance: 2,361, 2,375, 2,392
  • Support: 2,322, 2,312, 2,277, 2,250
  • Trading Signals: Buy above 2,322 with targets at 2,345 and 2,361. Consider buying again if price rebounds around 2,312 with target at 2,375.

 

 

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