Posted On June 6, 2017
What Trigger Levels Can Move The Markets?
AUD/USD – Market awaits for the RBA Monetary Policy Decision today! Sell into any strength, with 0.7515-25 expected to cap the market on the day!
EUR/USD – Bears defend the 1.1280-00 level! The market now waits for ECB monetary policy announcement this Thursday at 21:45 (Sydney time)…
USD/JPY – Alarm bells still ring loud as prices slide towards the established bull camp at 110.05-10! Will the bullish defence continue for another day?
GBP/USD – GBP roller-coaster ride could derail briefly either way as the U.K. election draws nearer… Towards 1.2980-05 is seen as a potential supply zone!
Gold – Bulls still appear hesitate to the upside challenge, with the technical implications slowly swaying towards a potential downturn!
SILVER - Bulls may feel the confidence to rally on, but should be on their guard in the event of a potential rejection for $17.60-90 region.