FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/NZD stuck in range but outlook is bullish 
FxWirePro: USD/ZAR edges higher, set to stay on back foot 
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 
FxWirePro: AUD/ USD strongly bearish despite upside attempts 
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent? 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish 
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400 
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 
FxWirePro- Woodies pivot (Major) 
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets 
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage 
FxWirePro: USD/ZAR bears maintain upper hand 
Previous Week
US dollar was trading weak in the previous week and lost more than 120 pips from temporary top around 99.37 on account of weak US economic data and easing US-China trade war. US ISM manufacturing index fell to 49.1% in August compared to 51.2% in Jul slightly below 50 which indicates contraction. The Nonfarm payroll came at 130000 slightly less to forecast of 163000 and unemployment rate steady at 3.7%. DXY hits a low of 98.01 and is currently trading around 98.42. But positive comments from Powell on US economic growth supported the US dollar index at lower levels.
Canadian dollar performed well against all majors on slightly hawkish BOC and better than expected employment data.
The precious metal has lost more than $50 previous week after hitting a 6-year high. It has shown a minor decline in US-China trade optimism and a slight recovery in bond yield. It hits low of $1503 and is currently trading around $1509.73.
US 10 year bond yield shown a minor recovery of more than 13% after hitting a 3-year low. It is currently trading at 1.536%. The yield curve inversion between US 10 year and 2-year has gone and spread narrowed to 3 bps.
Weekly Technical:
EURUSD:
Major trend reversal level- 1.10980
Near term support- 1.0930/1.0850
Near term resistance – 1.10980/1.1140
USDJPY:
Major trend reversal level- 107.20
Near term support- 106.20/105.49
Near term resistance – 107.20/108.30
USDCHF
Major trend reversal level- 0.9955
Near term support- 0.9850/0.9770
Near term resistance – 0.9955/1.000
USDCAD
Major trend reversal level- 1.3090
Near term support- 1.31400/1.3090
Near term resistance – 1.3245/1.3300
Gold
Major trend reversal level- $1500
Near term support- $1500/$1478
Near term resistance – $1565/$1600
WTI Crude
Major trend reversal level- $57.50
Near term support- $56.15/$54.80
Near term resistance – $57.50/$60
Major Economic events for the week
ECB policy meeting – Thursday (11:45 AM GMT)
US CPI m/m- Thursday (12:30 PM GMT)
US retail sales m/m - Friday (2:00 PM GMT)
