Yahoo Finance Technical Checks For EUR, USD, CAD & NZD: 22.01.2019
EUR/USD
Ever since the EURUSD declined from 1.1570, it’s moves can be depicted by a short-term descending trend-line, which in-turn presently drags the quote towards 1.1325 support-line. Should prices refrain to respect the 1.1325 rest-point, the 1.1300 and the 1.1265-60 may lure the sellers ahead of pushing them to aim for recent low around 1.1215. If at all the pair manage to cross the 1.1370 TL barrier, the 1.1420 and the 1.1450 could entertain counter-trend traders prior to challenging them with 1.1490-1.1500 resistance-zone. Though, pair’s successful break of 1.1500 enables it to revisit the 1.1540 and the 1.1570 numbers to north.
USD/JPY
USDJPY’s U-turn from 109.90 highlights the importance of 109.00, the 108.50 and the 108.00 consecutive supports for one more time. However, pair’s slide under 108.00 can find a halt near 107.50, breaking which 107.00 & 106.30-25 may gain market attention. Alternatively, upside clearance of 109.90 opens the door for the pair’s recovery to the 110.30 and the 110.80 before turning flashlight on to 200-day SMA level of 111.20. In case the pair surpasses 111.20, the 111.80 and the 112.10, including 100-day SMA, could please the buyers.
USD/CAD
Even after reversing from 100-day SMA, the USDCAD still needs to overcome the 50-day SMA level of 1.3345 on a daily closing basis in order to target the 1.3385 and the 1.3445-50 resistances. Given the pair’s sustained rally past-1.3450, the 1.3560 and the 1.3665 might become Bulls’ favorites. Meanwhile, a D1 close beneath 100-day SMA level of 1.3190 can trigger the pair’s dip to 200-day SMA level of 1.3095 and then to the medium-term support-line figure of 1.3000. Assuming the pair’s extended downturn below 1.3000, the 1.2880 & the 1.2770 may flash on Bears’ radars.
NZD/USD
NZDUSD retests the 0.6710-0.6700 horizontal-support, which if broken could further fetch the quote to 0.6670 and the 0.6650 rest-points. However, pair’s weakness past-0.6650 might only have 0.6620 as an intermediate stop prior to revisiting the 0.6585 support-mark. On the contrary, the 0.6735, followed by descending trend-line at 0.6755, can keep restricting the pair’s adjacent rise, breaking which 0.6790-0.6800 and the 0.6845-50 may play their roles of resistances. During the pair’s additional strength beyond 0.6850, the 0.6880 and the 0.6915 might be targeted if holding long positions.
This article was originally posted on FX Empire
