13 August 2020

Australia Employment Report: Thursday, 1:30. Job creation rebounded in June, with a reading of 210.8 thousand. This follows a loss of 227.7 thousand jobs in May. The July gain is expected to be much smaller, at 30.0 thousand.  The unemployment rate shot up to 7.4% in June, up from 7.1% a month earlier. Analysts are braced for a rise to 7.8% in July.

German Final CPI: Thursday, 6:00. German inflation improved to 0.6% in June, up from -0.1% beforehand. The forecast for July stands at -0.5%.

AUD
Australia Employment Report

EUR
German Final CPI

  • EURUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 1.1760. Therefore, we are bullish as long as the pair is trading above it. Our first target is 1.1840 followed by 1.1880.

Resistance levels: Support levels: Recommended:
▪ 1.1900
▪ 1.1880
▪ 1.1840
▪ 1.1760
▪ 1.1730
▪ 1.1700
We are bullish as long as the pair is trading above the level of 1.1760.
  • GBPUSD

As could be seen on the chart above that the pair is trading below a strong resistance level that is 1.3100. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1.3080 followed by 1.3040.

Resistance levels: Support levels: Recommended:
▪ 1.3150
▪ 1.3125
▪ 1.3100
▪ 1.3080
▪ 1.3040
▪ 1.3012
We are bearish as long as the pair is trading below the level of 1.3100.
  • GOLD

The chart above shows that the pair is trading below a strong resistance level that is 1960. Therefore, we are bearish as long as the pair is trading below it. Our first target is 1940.

Resistance levels: Support levels: Recommended:
▪ 1985
▪ 1973
▪ 1960
▪ 1940
▪ 1935
▪ 1930
We are bearish as long as the pair is trading below the level of 1960.
  • AUDUSD

As could be seen on the chart above that the pair is trading above a strong support level that is 0.7100. Therefore, we are bullish as long as the pair is trading above it. Our first target is 0.7160.

Resistance levels: Support levels: Recommended:
▪ 0.7200
▪ 0.7180
▪ 0.7160
▪ 0.7100
▪ 0.7080
▪ 0.7050
We are bullish as long as the pair is trading above the level of 0.7100.
  • GBPJPY

As could be seen on the chart above that the pair is trading below a strong resistance level that is 140.20. Therefore, we are bearish as long as the pair is trading below it. Our first target is 139.30.

Resistance levels: Support levels: Recommended:
▪ 140.60
▪ 140.30
▪ 140.20
▪ 140.00
▪ 139.50
▪ 139.30
We are bearish as long as the pair is trading below the level of 140.20.

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