September 23, the foreign exchange market cooled down a bit, after the meetings of the Fed and the Bank of Japan, volatility fell, and the US dollar strengthened slightly during the Asian session, playing back part of the losses of recent days.

USD / JPY: During the Asian session, the USD / JPY currency pair quotes continued to strengthen, but after the breakdown of the key resistance level of 101.01, they could not consolidate and rolled back. At the same time, on the H4 chart, a high wave reversal candle was formed, after which the bears had the opportunity to start a correction to the south, in the direction of the key support level of 98.98.

Alternative. In case of resumption of growth and re-breakdown of the key resistance level of 101.01, the bulls will probably be able to continue moving the USD / JPY currency pair quotes further north, in the direction of the key resistance level of 103.52.

AUD / USD: During yesterday’s trading, on the daily chart of the AUD / USD pair, a reversal candle was formed, a high wave, after which, the bears returned to the market and the AUD / USD quotes crawled down. In this situation, we can expect the bearish trend to continue, towards the key support level of 0.7490. Alternative option. In the case of the resumption of growth and breakdown of the high, yesterday’s daily candle, we can consider the continuation of the bullish scenario, the movement of quotations of the currency pair AUD / USD, to test the key resistance level of 0.7719.

NZD / USD: During the Asian session, the quotes of the NZD / USD currency pair continued moving northward, breaking through and consolidating below the key support level of 0.7296, while approaching the lower border of the ascending channel. The breakdown of the lower boundary of the ascending channel will allow the bears to continue moving north. in the direction of the key support level of 0.7053. At the same time, a rebound from the lower border of the rising channel will likely return bulls to the market, which will try to return the quotes of the NZD / USD currency pair to the level of 0.7296.

XAUUSD: Yesterday, the gold quotes continued to strengthen, while a high wave reversal candle was formed on the daily chart, after which the bears could start a downward correction towards the key support level of 1329.62, the breakdown of which will make it possible to continue going south, towards key support level of 1304.32. Alternative option. In the case of the resumption of growth and breakdown of the high level of yesterday’s daily candle, the bulls will have a good opportunity to continue their way north to test the key resistance level of 1357.64.

EUR / JPY: Despite the attempts of the bulls to continue to grow during the Asian session, the EUR / JPY currency pair quotes remain close to the daily candlestick opening level. At the same time, on the H4 graph, it can be seen that neither bulls nor bears have a clear advantage. At the same time, a flat zone is clearly visible, with two intermediate levels. So, in case of breakdown of the intermediate support level of 112.68, we can expect a continuation of the decline to the key support level of 112.32, while a breakdown of the intermediate resistance level of 113.49, there will be a probability of continuing bullish movement in the direction of the key resistance level of 115.45.

BRNU6: Today, oil prices have slipped a bit, probably investors have begun to take profits, in anticipation of the upcoming OPEC meeting in Algeria. On the H4 chart, several pivot candles were formed, which suggests the possibility of a correction to the south, in the direction of the key support level of 45.64.

Review prepared by Fort Financial Services analytical department. Follow our publications!

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