Home » Brexit , Forex , Pivots , UK Referendum , Vote » Key Forex Pivot Zones in the Aftermath of the Brexit Vote
EUR/USD: 1.118 & 1.104
The historic Brexit vote caused a sell-off in the EUR/USD that sent the exchange rate down to 1.0914, but the market has now stabilized somewhat and price started to trade in a clear sideways range; 1.118 is now acting as resistance; 1.104 has been used multiple times as support/resistance over the past 24h.
USD/JPY: 103.10 & 102
Much like the EUR/USD, the USD/JPY is now trading in a tight range, sandwiched between two significant pivot zones.
USD/CAD: 1.297, 1.291 and 1.286
The USD/CAD managed to make it over the big pivot zone at 1.297 today. If this area continues to act as support - just as it did earlier today - the USD/CAD may trade up to the highs at 1.3055.
AUD/USD: 0.753, 0.746, 0.742 and 0.736
The 0.753 pivot zone is of great technical significance as it acted as support/resistance on multiple occasions during the Brexit vote. The market has still not recovered from the sell-off that took place off this pivot zone, so I would recommend to have this level marked on your charts!
EUR/JPY: 118.33, 115.48 and 112.66
NZD/USD: 0.715, 0.71 and 0.7015
The 0.715 level is probably the most important pivot on the NZD/USD chart due to how many times the market stalled at this area. During the Brexit vote, 0.715 was used several times as support as well.
The $1312 on the XAU/USD was smashed quite hard during Brexit voting, however, this area is now providing ample support. This level was also used as resistance two times on the 16th of June!
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