GBP/USD (last 1.2417): The pair remains on the upside as it has formed a V-shape rebound. Currently, it has rebounded to levels above the 20-day moving average, while the relative strength index has climbed above the neutrality level of 50, suggesting a bullish bias.
Unless the key support at 1.1810 is violated, the pair should proceed to 1.2745 and 1.3095 on the upside. Alternatively, below 1.1810, expect a return to 1.1400 on the downside.
GBP/USD
1st support - 1.1810 (major)
1st resistance - 1.2745 (major)
2nd support - 1.1400 (major)
2nd resistance - 1.3095 (major)
EUR/USD (last 1.1114): The pair posted a rebound from 1.0630 and crossed above both 20-day and 50-day moving averages. The relative strength index crosses above its neutrality level at 50, calling for a further upside.
Therefore, as long as 1.0950 holds on the downside, look for a continuation of bounce with targets at 1.1230 and 1.1350 in extension. Alternatively, only a break below 1.0950 would turn the outlook to bearish and bring a return with 1.0780 and 1.0630 as targets.
EUR/USD
1st support - 1.0950 (major)
1st resistance - 1.1230 (moderate)
2nd support - 1.0780 (minor)
2nd resistance - 1.1350 (moderate)
USD/CAD (last 1.4059): The pair stays on the upside despite a modest pull-back. Currently, it is hovering around the 20-day moving average, while has moved further above the 50-period one. The relative strength index remains above the neutrality level of 50, suggesting that the bullish bias persists.
As long as the key support at 1.3775 holds, the pair should advance to 1.4275 and 1.4480. Alternatively, below 1.3775, expect a decline to 1.3560.
USD/CAD
1st support - 1.3775 (major)
1st resistance - 1.4275 (major)
2nd support - 1.3560 (major)
2nd resistance - 1.4480 (moderate)
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