Forex Morning Briefing

Forex Morning Briefing

Forex Morning Briefing


Commentary: Some very strong bets are being tested given the market has been focused on stronger EUR, GBP and JPY story-lines for some time. This current USD move will either prove to be a brilliant opportunity to rejoin the battle aka short USD trade or a super moment for USD Bullish contrarians. PE


Current level – 1.2305

The slide through 1.2380 confirms the bearish bias, for a break through 1.2280 dynamic support to 1.2240.

Key resistance is seen at 1.2380.

Resistance Support
intraday intraweek intraday intraweek
1.2380 1.2560 1.2280 1.2160
1.2460 1.2560 1.2240 1.2090


Current level – 106.67

The bias is positive after the break though 105.90, for a rise to 107.90.

Key support is seen at 105.90.

Resistance Support
intraday intraweek intraday intraweek
107.00 108.30 105.90 105.20
107.90 110.40 105.20 104.60


Current level – 1.4042

With the recent break through 1.4075 support the outlook remains Bearish, for a move to 1.3910. Initial intra-day resistance lies at 1.4130.

Resistance Support
intraday intraweek intraday intraweek
1.4130 1.4280 1.3980 1.3710
1.4240 1.4340 1.3910 1.3620

Have a terrific Easter weekend.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.