September 14, during the Asian session, the US dollar traded in different directions relative to major currencies. The uncertainty that persists in the market in anticipation of a Fed meeting next week will probably force the market to move further, rather chaotically.

USD / JPY:

During the Asian session, the USD / JPY currency pair quotes continued to strengthen and so far there is no reason to talk about the likelihood of a reversal. Today, bulls have not bad chances to continue moving northward, to the key resistance level of 103.52.

AUD / USD:

In the course of yesterday’s decline, the quotes of the currency pair AUD / USD, were able to break through and gain a foothold below 0.7490, after which there is a chance that the bearish movement will continue to work out a key support level of 0.7305. At the same time, after the high wave reversal candle formed on the H4 chart, the quotes of the currency pair AUD / USD resumed their growth and returned to the level of 0.7490. In the case of the breakdown and consolidation of the AUD / USD pair, above the level of 0.7490, we can expect the correction to continue upwards, in the direction of the key resistance level of 0.7719.

NZD / USD:

Yesterday, as a result of the decline, the quotes of the NZD / USD currency pair were able to break through and consolidate below the level of 0.7296, while remaining within the boundaries of the ascending channel. In the case of continued decline and breakdown of the lower boundary of the upward channel, we can expect the continuation of the downward movement to test the key support level of 0.7053. At the same time, on the H4 chart, a bullish takeover pattern was formed, after which the quotes of the NZD / USD currency pair continue to grow, approaching the key resistance level of 0.7296. In case of breakdown and consolidation above the level of 0.7296, bulls. probably will be able to continue the correction to the top, in the direction of the key resistance level 0.7416.

XAUUSD:

During the Asian session, gold quotes resumed moving north, after a high wave reversal candle was formed on the H4 chart. After that, we can expect the continuation of the correction to the top, to the testing of the key resistance level of 1329.62. If the bulls can make their way through the resistance of 1329.62, they will probably continue to regain lost positions, moving further north, to the key resistance level of 1357.64.

EUR / JPY:

During the Asian session, the EUR / JPY quotes continued to move north, breaking through and consolidating above 115.45, after which there is a chance that the bullish movement will continue to test the key resistance level of 118.46. Alternative option. If the bears can still return the quotes of the pair EUR / JPY, below the level of 115.45, then we can expect a correction to the south, in the direction of the key support level of 112.32.

BRNU6:

Yesterday, the decline in crude oil prices continued, after the International Energy Agency warned of a slowdown in demand. Today, volatility has declined as investors expect data on changes in US oil reserves tonight. After yesterday’s decline in oil quotes and consolidation below the level of 48.57, there is a chance that the bullish movement will continue, to test the key support level of 45.64. But, with confidence to speak, about a further decline, it will be possible only after the breakdown of the lower boundary, the graphic figure of the pennant.

Overview prepared by Fort Financial Services Research.

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