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FxWirePro: EUR/AUD poised for further downside after key fibo break

FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

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FxWirePro- Major European Indices

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USD/CAD Trade idea

Thursday, August 20, 2015 12:47 PM UTC

USD/CAD is facing strong trend line resistance around 1.3190 (trend line joining 1.3150 and 1.3176) and break above confirms further bullishness, a jump till 1.3210 cannot be ruled out .

On the downside minor support is at 1.3130 and break below will drag the pair further down till 1.3100/1.3050/1.3025.

It is good to sell on rallies around 1.31620-650 with SL around 1.3190 for the TP of 1.3055

Resistance

R1- 1.3190

R2-1.3210

R3- 1.3300

Support

S1-1.3130

S2-1.3100

S3-1.3050

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FxWirePro- Major Pair levels and bias summary

FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

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USD/CAD Trade idea

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