{"id":6839,"date":"2021-06-15T06:14:19","date_gmt":"2021-06-15T06:14:19","guid":{"rendered":"https:\/\/xtreamforex.com\/?p=6839"},"modified":"2021-06-15T06:14:19","modified_gmt":"2021-06-15T06:14:19","slug":"technical-update-15th-june","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/MU\/technical-update-15th-june\/","title":{"rendered":"TECHNICAL UPDATE 15th JUNE"},"content":{"rendered":"<h4><strong>TECHNICAL UPDATE 15th JUNE<\/p>\n<p><\/strong><\/h4>\n<div>EUR\/USD<\/p>\n<p>EUR\/USD bounced up from the key level of 1.21. USD\u2019s next support zone is at 1.19700 and thus the subsequent resistance zone is at 1.21500. look for selling opportunities of EUR\/USD. The EUR\/USD pair is marginally higher at the beginning of the week, trading above the 1.2100 thresholds. The EUR\/USD pair has limited bullish potential, according to intraday technical readings. The 4-hour chart shows that the pair keeps developing below all of its moving averages. retracement ratio at 1.1986, and therefore the H1 chart showing signs of demand for lower prices before resistance at 1.2132, retesting 1.21 is feasible, from a short-term technical standpoint.<\/p><\/div>\n<div><\/div>\n<div>GBP\/USD<\/div>\n<div><\/div>\n<div>Recently, GBP\/USD did not break below the key level of 1.41. Earlier today, UK Prime Minister Boris Johnson delayed the lockdown lifting by four weeks to 19 July. The UK employment data are going to be released later at 1400 (GMT+8). Average Earnings Index 3m\/y (Forecast: 4.9%, Previous: 4.0%) Claimant Count Change (Forecast: 25.0K, Previous: -15.1K) Unemployment Rate (Forecast: 4.7%, Previous: 4.8%) Bank of England Governor Bailey are going to be speaking later in 2015 (GMT+8). During this point, there could also be volatility in GBP. Currently, GBP\/USD is hovering above the key level of 1.41. Its next support zone is at 1.40000 and therefore the next resistance zone is at 1.43500. Look for short-term selling opportunities of GBP\/USD if it breaks below the key level of 1.41.<\/p>\n<p>USD\/CAD<\/p><\/div>\n<div><\/div>\n<div>The Canadian Housing Starts data (Forecast: 271K, Previous: 269K) are getting to be released later in 2015 (GMT+8). USD\/CAD\u2019s next support zone is at 1.21000 and thus subsequent resistance zone is at 1.22400. USD\/CAD fades late Monday\u2019s bounce off 1.2128 amid Tuesday\u2019s sluggish Asian session. The Loonie pair drops to the intraday low of 1.2137, down 0.05%, during the two-day pullback from the monthly high, flashed on Friday. Though, USD\/CAD bulls need a sustained break of 1.2150 to once aim for one-month-old horizontal resistance surrounding 1.2180. during a case where the pair rises past-1.2180, the 1.2200 thresholds and thus the mid-May high near 1.2205 may test the upside momentum before accelerating the run-up towards April\u2019s low near 1.2265. search for buying opportunities of USD\/CAD.<\/p>\n<\/div>\n<div>AUD\/USD<\/p>\n<\/div>\n<div>Recently, AUD\/USD bounced up from the key level of 0.77. The Federal Reserve Bank of Australia (RBA) is going to be releasing the minutes for the previous monetary policy meeting later at 0930 (GMT+8). AUD\/USD\u2019s next support zone is at 0.75500 and therefore the next resistance zone is at 0.78000.<br \/>\nLook for buying opportunities of AUD\/USD. AUD\/USD remains on the rear foot, down 0.08% while refreshing intraday low to 0.7705, after the RBA minutes reiterate policymakers\u2019 cautious mood during early Tuesday. The Australian dollar has been struggling against the US Dollar lately, riding a trendline from the May swing high lower after briefly surging above the previous resistance level<\/div>\n<h4><strong>\u00a0<\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>TECHNICAL UPDATE 15th JUNE EUR\/USD EUR\/USD bounced up from the key level of 1.21. USD\u2019s next support zone is at 1.19700 and thus the subsequent resistance zone is at 1.21500. look for selling opportunities of EUR\/USD. The EUR\/USD pair is marginally higher at the beginning of the week, trading above the 1.2100 thresholds. The EUR\/USD<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/MU\/technical-update-15th-june\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[12],"tags":[158,41,19,162,159],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>TECHNICAL UPDATE 15th JUNE<\/title>\r\n<meta name=\"description\" content=\"EUR\/USD bounced up from the key level of 1.21. 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