FX Weekly – 2019 Week 22

Summary:

  • EURUSD ►aggressive longs can be taken into any overshot to the downside, but exit fast as the bottom is impossible to pick
  • GBPUSD ► ST buy can be made against current support / lows of 1.26 (see chart)
  • USDJPY ▲ next support at 108.50 to 108.30 zone - add to long term buy position here
  • USDCHF ► low confidence ST buy at trendline support
  • AUDUSD ► still drifting lower with no end in sight
  • USDCAD ▲ aggressive buy against support 1.34
  • NZDUSD ► good and conservative opportunities not available