Weekly Analysis

Technical Analysis: Key Levels – Major Pairs & Gold – 9th August 2021

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Key levels and Analysis

EURUSD, there will be a correction move to test again the 1.18000 level before dropping even further to test the 1.17000 level. On GBPUSD, there is a high probability for the market to drop even further to test the 1.38000 level. On AUDUSD, expecting a continuation move towards 0.73000 level and if that level is broken then, the next possible level will be 0.72300 level. On NZDUSD, if the 0.70000 level is broken then the next possible level to test is the 0.69500 and 0.69000 level. On USDCHF, there is a very high probability for the market continues to rise and test the 0.92000 level. On USDCAD, expecting market continue to rise to test the 1.26000 level. On USDJPY, the market is likely to continue rising to test the 110.700 level. Finally on GOLD, expecting price continue to drop to test the 1700 level before starts rising to test the 1750 level.

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