Important Pivot Levels on the EURUSD, GBPUSD, USDCAD, GBPJPY and NZDUSD for 06/19/2016

EUR/USD: Range between 1.1295 & 1.13

Given the prior history of this range, I would not be surprised to see this area to start acting as support now. The market opened the week with a big gap above this important pivot level, and since gaps are usually filled as soon as they appear, I would expect to see a retest of this are at some point over the next 24h.

GBP/USD: 1.431

USD/CAD: 1.294, 1.29 and 1.283

GBP/JPY: 149.50

The GBP/JPY exchange rate also gaped today, opening well above 149.50, which happens to be a very important technical area. If there is a retracement down to 149.50 over the next 1-2 days, this pivot zone will probably start to act as support.

NZD/USD: 0.7084

The NZD/USD exchange rate could not make it above 0.7084 last week, despite multiple attempts. However, if the market can muster enough bullish momentum to vault above this resistance zone this week, a rally up the the highs at 0.7145 would be quite likely.

XAU/USD: 1278

The $1278 price level has played an import role since about June 10th, when this area first started to act as resistance. Over the last 10 days, $1278 has been utilized multiple times as support/resistance. This level was also strong enough to halt the big sell-off that happened on Thursday of last week. If price makes it underneath this level at some point this week, another significant sell-off is likely take place!

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