Support and resistance for other pairs - Forex News by FX Leaders

Support and resistance for other pairs

Posted Monday, July 4, 2016 by
Skerdian Meta • 1 min read

A while ago we posted a market update with the closest support and resistance levels for EUR/USD and GBP/USD. Now we are updating you with levels for USD/JPY and AUD/USD. The first support for USD/JPY where we opened a buy forex signal last Friday which hit the take profit this morning is 102.40 as you can see from the chart below and then 102. The main resistance level is 103.10 which is where the 100 smooth moving average stand.

AUD/USD is a bit more complicated on the top side since there´s no short term resistance level. The only one which is quite far is the high on Brexit day before the collapse at 0.76 45. The price right now is at 0.7530. The 20 moving average on the hourly chart will provide the first support level at around 0.75. Below it comes the 50 moving average on the H4 chart at 0.7460.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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