Strength in SP500 is likely to continue. We see a less chances of an immediate fall on the instrument for short-term technical outlook. Next upside barriers follow (1320.2) at (1333.3) and (1338.3).
We see better value in long positions. If the price will advance above the first resistance at (5772.2), this would confirm continuation of the bullish trend, towards next objective upwards (5683.8) then (5657.8) and (5605.8) will follow.
It's likely that USDCAD will decline. A break above (1.00510) could be a threat to the bearish scenario targeting (1.01806) even (1.02206). On the downside, immediate support is at (0.99622). Break below that area should keep the major bearish scenario intact testing (0.98692) area
Currently, further bullish actions could be seen on AUDUSD. A break below (1.05822) could be a threat to the bullish scenario targeting (1.04553) even (1.04203). On upside. Immediate resistance is at (1.06693). A close above that area should keep the major bullish scenario intact testing (1.07637) area.
We can say that additional bullish movements could be seen during current session, particularly if it succeeded to stabilize above (100.492) zones. A proper confirmation would occur if the EURJPY will manage to overcome the (101.972) resistance.
The outlook has grown increasingly bullish since EURGBP had remained above its latest swing low at (0.83276). If this support level is broken to the downside, the outlook will deteriorate.
We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (0.92383) zones. A proper confirmation would occur if the USDCHF will manage to fall beyond the (0.90797) support level.
The outlook has grown increasingly bullish since DJI30 had remained above its latest swing low at (12567). If this support level is broken to the downside, the outlook will deteriorate.
We see high chances of the pair move down gradually towards (0.98831 – 0.98431). A proper confirmation would occur if the USDCAD will manage to close below the (0.99494) support over today`s trading session.
USDJPY general trend is to the upside. Break below (77.192) may trigger further fall of the USDJPY. Going above nearest support level at (78.238), however, would confirm continuation of the bullish trend, towards next objective upwards (78.845).
