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key levels Market Analysis

Technical Analysis: Key Levels – Major Pairs & Gold – 2nd August 2021

EURUSD, If the price managed to close below the 1.18450 level this week the next possible level for the market to test is the 1.18000 level. On GBPUSD, there is a high probability for the market to rise again to test the 1.40000 level before dropping to test the 1.38000 level. On AUDUSD, expecting a continuation move towards 0.73000 level before start rising to test the 0.74500 level. On NZDUSD, there is a high probability for the market to drop slightly more to test again the 0.69400 level before start rising to test the 0.70900 level. On USDCHF, there is a very high probability for the market to test the 0.91000 and if that level is broken, then the next possible level will be 0.92000 level. On USDCAD, expecting market to drop slightly more to test the 1.24000 level before start rising to test the 1.26000 level. On USDJPY, the market is likely to start rising to test the 109.900 level and if that level is broken, then the next possible level will be the 110.700 level. Finally on Gold trading, expecting a slight drop to test again the 1800 level before start rising to test the 1845 level.

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