Weekly Analysis

Technical Analysis: Key Levels – Major Pairs & Gold – 5th JUL 2021

EURUSD, next possible level is 1.19500 level.  On GBPUSD, the key level for the market to test next is the 1.39000.  On AUDUSD, If the 0.75600 level is broken, than the next possible level will be 0.76500 level. On NZDUSD, a slight drop to test again the 0.70000 level and rise back to test the 0.70900 level. On USDCHF, If the price closes below the 0.92000 level this week, the market is more likely to test the 0.91000 level. On USDCAD, price expected to drop, to test the 1.22000 level. On USDJPY, there is possibility for a breakout of 110.700 level and test the 109.900 level. Finally on GOLD, expecting a re-test of 1800 level, if breaks the next possible level to test will be 1820 level.

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