AUD/USD: Trading Above Pivot Point Level

AUD/USD

Market Scenario 1: Long positions above 0.7194 with targets at 0.7229 & 0.7268

Market Scenario 2: Short positions below 0.7194 with targets at 0.7155 & 0.7120

Comment: Bulls managed to stop the fall of AUD/USD during yesterday’s session at 0.7157, since then the pair was in an upwards move. Currently AUD/USD is trading above Pivot Point level.

Supports and Resistances:

R3 0.7303

R2 0.7268

R1 0.7229

PP 0.7194

S1 0.7155

S2 0.7120

S3 0.7081

EUR/JPY

Market Scenario 1: Long positions above 130.67 with targets at 130.99 & 131.36

Market Scenario 2: Short positions below 130.67 with targets at 130.30 & 129.98

Comment: European currency continue depreciating against Japanese Yen reaching a new low at 130.33 during yesterday’s session. Currently EUR/JPY is trading below the Pivot Point level.

Supports and Resistances:

R3 131.68

R2 131.36

R1 130.99

PP 130.67

S1 130.30

S2 129.98

S3 129.61

EUR/USD

Market Scenario 1: Long positions above 1.0628 with targets at 1.0663 & 1.0692

Market Scenario 2: Short positions below 1.0628 with targets at 1.0599 & 1.0564

Comment: European currency reached a new low at 1.05917 during yesterday’s session against US dollar. Dovish comments of ECB President Mario Draghi continue having negative impact on single currency. At the time being the pair managed to break through the Pivot Point level and aiming to test R1.

Supports and Resistances:

R3 1.0727

R2 1.0692

R1 1.0663

PP 1.0628

S1 1.0599

S2 1.0564

S3 1.0535

GBP/JPY

Market Scenario 1: Long positions above 186.11 with targets at 186.58 & 187.44

Market Scenario 2: Short positions below 186.11 with targets at 185.25 & 184.78

Comment: Sterling continues losing its positions against Japanese Yen for the third day in the row. Currently the pair is testing the First Support level at 185.25

Supports and Resistances:

R3 187.91

R2 187.44

R1 186.58

PP 186.11

S1 185.25

S2 184.78

S3 183.92

GBP/USD

Market Scenario 1: Long positions above 1.5141 with targets at 1.5174 & 1.5227

Market Scenario 2: Short positions below 1.5141 with targets at 1.5088 & 1.5055

Comment: Sterling continued dropping against US dollar during yesterday’s session closing the day with more than 70 pips loss. Today the pair is trading flat UK’s Inflation reports and US GDP and Consumers confidence.

Supports and Resistances:

R3 1.5260

R2 1.5227

R1 1.5174

PP 1.5141

S1 1.5088

S2 1.5055

S3 1.5002

USD/JPY

Market Scenario 1: Long positions above 122.95 with targets at 123.12 & 123.43

Market Scenario 2: Short positions below 122.95 with targets at 122.64 & 122.47

Comment: During yesterday’s session USD/JPY undertook an attempt to test the First and the Second Resistance levels, however, encountering selling pressure the pair was pushed back, closing the day with no results. During early Asian session the pair was sent below Pivot Point level and successfully broke the First Support level and tested the Second one.

Supports and Resistances:

R3 123.60

R2 123.43

R1 123.12

PP 122.95

S1 122.64

S2 122.47

S3 122.16

Gold

Market Scenario 1: Long positions above 1070.82 with targets at 1075.26 & 1081.59

Market Scenario 2: Short positions below 1070.82 with targets at 1064.49 & 1060.05

Comment: Bears struggling to send Gold prices below the First Support level, however, the level managed to sustain the pressure. Currently Gold is trading positively above Pivot Point level.

Supports and Resistances:

R3 1092.36

R2 1081.59

R1 1075.26

PP 1070.82

S1 1064.49

S2 1060.05

S3 1049.28

Crude Oil

Market Scenario 1: Long positions above 41.71 with targets at 43.03 & 44.04

Market Scenario 2: Short positions below 41.71 with targets at 40.70 & 39.38

Comment: Crude supported by Saudi Arabia’s pledge to work with global oil producers in an effort to stabilize prices closed yesterday’s session with 54 cents profit. Saudi Arabia’s comments come ahead of the Organization of the Petroleum Exporting Countries’ scheduled Dec. 4 meeting in Vienna. Currently Crude is trading above Pivot Point level.

Supports and Resistances:

R3 46.37

R2 44.04

R1 43.03

PP 41.71

S1 40.70

S2 39.38

S3 37.05

USD/RUB

Market Scenario 1: Long positions above 64.20 with targets at 65.80 & 66.83

Market Scenario 2: Short positions below 64.20 with targets at 63.17 & 61.57

Comment: USD/RUB during today’s session reached a new high at 66.15, however encountered selling pressure the pair was sent to its opening price. Currently USD/RUB is trading slightly above Pivot Point level.

Supports and Resistances:

R3 69.46

R2 66.83

R1 65.80

PP 64.20

S1 63.17

S2 61.57

S3 58.94