- EUR/USD : Some buying interest around 1.2300, with stops below 1.2290. Larger bids coming in at 1.2260 through 1.2240. Sellers up around the 1.2400 level with scattered stops through 1.2420. Resistance 1.2365/70, then 1.2410/15. Support 1.2295/00, then 1.2270/75.
- USD/JPY : Offers starting out around 79.00 with stops above, more offers around 79.20 level . Usual bid way down at 78.00/10 level , more bids should appear near the old resistance level at 78.45/50. Resistance 79.00/05, then 79.30/35. Support 78.35/40, then 78.05/10.
- GBP/USD : Resistance 1.5715/20, then 1.5750/55. Support 1.5655/60, then 1.5630/35.
- USD/CHF : Resistance 0.9770/75, then 0.9785/90. Support 0.9710/15, then 0.9675/80.
- USD/CAD : Resistance 0.9940/45, then 0.9960/65. Support 0.9905/10, then 0.9890. Talks of barrier at 0.9900.
- AUD/USD : Resistance 1.0525/30, then 1.0565/70. Good sellers around 1.0535/40 with offers in place 1.0570 through 1.0600. Support at 1.0460/65, then 1.0440/45. Buyers around the 1.0450 level with stops building through 1.0440.
- NZD/USD : Resistance 0.8095/8100, then 0.8140/45. Support 0.8025/30, then 0.8000/0.8005.
USD has a firmer tone to it today, so maybe we see a test of 1.2300 in the EUR/USD . Keep an eye on the crosses to give us additional direction . Market shaping up to be a real snoozer with a number of European markets closed for bank holidays and not sure, but this could be the last of the Obon holiday in Japan .
Again, Good Luck .
