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Windsor Brokers - Short Term Technical Analysis for Majors (07:00 GMT)

Discussion in 'Major Currency Pairs' started by WindsorBrokers, Dec 31, 2013.

  1. WindsorBrokers

    WindsorBrokers Content Contributor

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    EUR/USD
    Volatility appears to be easing after the pair’s rollercoaster ride during the past few days, failure of breaking 1.3817 high is keeping the pair on a down trend towards 1.3215-30 zone, any rise above 1.3817 would open an uptrend towards previous peak of 1.3890

    Res: 1.3820, 1.3845, 1.3860, 1.3890
    Sup: 1.3780, 1.3755, 1.3730, 1.3715

    [​IMG]


    GBP/USD
    Caped by yesterday’s High at 1.6535 and previous day’s peak at 1.6545 Sterling managed to hold ground above 1.6455 zone for a retest to the upper side, currently towards 1.6535 again, and to 1.6575 ahead of 1.6620 Aug 2011 high, only a break of 1.6440-55 zone would open acceleration towards 1.9390 zone.

    Res: 1.6520, 1.6535, 1.6575, 1.6620
    Sup: 1.6455, 1.6440, 1.6395, 1.6345

    [​IMG]


    USD/JPY
    Failure to break yesterdays high at 105.40 left the pair in a correction action for the past two days for a test of 104 zone, currently first support is found at 104.80 and 104.60 next, a break there would open further correction towards 104.10 and 103.70
    On the upside, 105.15 offers good resistance, and if broken we might see a retest of 105.40 peak, a break there would resume the uptrend 106.55 Oct 2010 high.

    Res: 105.15, 105.40, 106.55, 107.80
    Sup: 104.80, 104.60, 104.10, 103.70

    [​IMG]


    USD/CAD
    Failure to break current month peaks at 1.0730 zone, yesterday the pair dropped towards 1.0635 so far and if unable to find momentum USDCAD might drop again if 1.0635 is broken, probably towards 1.0600-20 zone if not to 1.0580 (23 Dec Low)
    Momentum can be found if 1.0660 is broken, that could open a test for 1.0690 and 1.0730 next.

    Res: 1.0660, 1.0690, 1.0715, 1.0730
    Sup: 1.0635, 1.0615, 1.0605, 1.0580

    [​IMG]
     
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