Important Price Levels on Major Forex Pairs for 09/08/2016

EUR/USD:

Market now trading between two major pivots: 1.11 & 1.105!

GBP/USD:

The range between 1.309-1.31 is a huge pivot area. This level is now acting as resistance.

USD/CAD:

Market now trading between 1.3185 on the top end, and 1.3135 on the lower end. Look for a break of either of these level for future direction.

USD/JPY:

Mark 101.58 and 102.70 on your charts; these area have been used as support/resistance multiple times.

AUD/USD:

The 30-minute chart shows that 0.7625 has been respected a number of times over the past four trading days.

EUR/JPY:

The Eur/Jpy is also trading between two important pivot levels: 113 & 113.62!!

GBP/JPY:

Last week, the market plunged under 134; this area is now acting as resistance. You might also wanna keep an eye on the 135.16 area in case 134 is broken this week.

NZD/USD:

The Nzd/Usd has been moving between major pivot zones since July. Mark 0.707, 0.7145 and 0.7225 on your charts, and look for interesting candle patterns around these pivot level - that's where the good trades happen!

XAU/USD:

The 1346 area was broken last week, so this pivot may now act as resistance. The 1331 area is now acting as support as well; just as it did at the end of July.


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