August 30, during the Asian session, the US dollar traded differently relative to major currencies, as traders hesitate in trying to assess the likelihood of rising interest rates in the US, after Fed Chairman Yellen’s speech and comments from Fed Vice Chairman Fisher. p >
USD / JPY: The Japanese household spending index (y / y) fell by -0.5% in July, while analysts predicted a decline of -0.9%. Yesterday, the USD / JPY pair fell slightly and a candlestick and a shooting star appeared on the daily chart. But judging by today’s movement to the top, and the absorption of yesterday’s daily candle, we can expect continued growth in the USD / JPY pair, to test the key resistance level of 103.52. Alternative option. If the bears can return to the market and as a result of the USD / JPY pair decline, the level of yesterday’s daily candle will be broken, then a correction to the south can be expected, in the direction of the key support level 101.01. AUD / USD: Yesterday, on the daily chart of the AUD / USD pair, a reversal candle was formed, a high wave. After that, during the Asian session, the bulls returned to the market, trying to break through the lower boundary of the rising channel. In the case of return of quotations of the pair AUD / USD, within the limits of the ascending channel, the bulls will be able to continue the movement, to test the key resistance level 0.7719. Alternative option. If the bulls still do not have enough strength to return to the limits of the ascending channel, we can expect a rebound and the resumption of decline, to work out the key support level of 0.8490.
NZD / USD: During yesterday’s trading, the bulls were able to win back part of the lost positions, but the correction is likely to end there. After the high wave reversal candle was formed on the H4 chart, the bears returned to the market and we can expect the resumption of the decline in the NZD / USD pair, to test the key support level of 0.7053.
XAUUSD: During yesterday’s trading, on the daily chart XAUUSD, another reversal candle was formed, after which the bulls have not bad chances to rise higher, to the key resistance level of 1329.62, the breakdown of which will give an opportunity to continue to move north, to the next key resistance level of 1357.64. Alternative option. During the Asian session, the bears slightly lowered the gold quotes, in the case of continued decline and breakdown of yesterday’s daily candlestick, we can expect the downward movement to continue, to test the key support level of 1304.32.
EUR / JPY: Yesterday, on the daily chart of the EUR / JPY currency pair, a falling star reversal candle was formed, after which a downward correction can be expected, in the direction of the key support level of 112.32. Alternative option. During the Asian session, the bulls advanced slightly to the top, swallowing up yesterday’s day candle, if growth continues and the high of the previous day candle is broken, we can expect the EUR / JPY pair to continue to grow, to test the key resistance level of 115.45.
BRNU6: The price of oil is trading in a narrow range, in anticipation of new signals, to determine the future situation on the oil market. After yesterday’s, not a significant decline, there is still the likelihood of continued movement southward, in the direction of a key support level of 48.01.