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key levels Market Analysis

Technical Analysis: Key Levels – Major Pairs & Gold – 23rd August 2021

  • EURUSD, I believe the market will start rising from the 1.17000 level and will attempt to break the trendline and the next possible level is at 1.18000.
  • On GBPUSD, there is a high possibility for the market to rise from the current level to test the 1.38000 level.
  • On AUDUSD, I believe there will be a breakout of 0.72300 level by this week and if that happens then it’s possible for the market to test is the 0.73000 level.
  • On NZDUSD, there is a high probability for the market to start rising to test the 0.69000 level and if that level is broken then the next possible level will be 0.69500.
  • On USDCHF, there is a very high probability for the market to drop to test the 0.91000 level and if that level is broken, then the next possible level will be 0.90500 level.
  • On USDCAD I believe there will be a drop from the current level to test the 1.27000 level and if that level is broken, then the next possible level will be the 1.26000 level.
  • On USDJPY, there is a high probability for the market to drop to test the 109.300 level and if that level is broken, then the next possible level will be 108.500 level.
  • Finally, on GOLD, I’m expecting a slight drop to test again the 1770 level before start rising to test the 1800 level, and if that level is broken, then the next possible level will be the 1820 level.
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