Raw Materials Price Index: Tuesday, 13:30. This inflation indicator rebounded in October with a gain of 0.5%, after a decline of 2.2% beforehand. We now await the November data.
CAD
Raw Materials Price Index
- EURUSD
As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.2380. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.2250 followed by 1.2200.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.2450 ▪ 1.2400 ▪ 1.2370 |
▪ 1.2250 ▪ 1.2200 ▪ 1.2170 |
We are bearish as long as the pair is trading below the level of 1.2380. |
- GBPUSD
The chart above shows that the pair is trading below a strong resistance level that is 1.3700. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3600-followed 1.3550.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1.3800 ▪ 1.3750 ▪ 1.3700 |
▪ 1.3600 ▪ 1.3550 ▪ 1.3500 |
We are bearish as long as the pair is trading below the level of 1.3700 |
- GOLD
The chart above shows that the pair is trading below a strong resistance level that is 1965. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1900 followed by 1850.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 1980 ▪ 1970 ▪ 1965 |
▪ 1900 ▪ 1870 ▪ 1850 |
We are bearish as long as the pair is trading below the level of 1965. |
- AUDUSD
As could be seen on the chart above that the pair is trading above a strong support level that is 0.7630. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7820.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 0.7900 ▪ 0.7850 ▪ 0.7820 |
▪ 0.7630 ▪ 0.7600 ▪ 0.7580 |
We are bullish as long as the pair is trading above the level of 0.7630. |
- GBPJPY
The chart above shows that the pair is trading above a strong support level that is 139.15. Therefore, we are bullish as long as the pair is trading above it. Our first target is 141.30.
| Resistance levels: | Support levels: | Recommended: |
| ▪ 142.00 ▪ 141.50 ▪ 141.30 |
▪ 136.60 ▪ 136.20 ▪ 136.00 |
We are bullish as long as the pair is trading above the level of 139.15. |
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