Forex Daily Forecast Jun 14 2019

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Forex

EURUSD: At Risk Of Falling Down

As long as 1.1305 – broken support turned resistance – holds on a daily closing basis, the EURUSD faces corrective pullback risk to 1.1260, a halt is likely, it may test 1.1305 before trying going down. Anyway; below 1.1260 will open 1.1225/1.1200 levels. Further down support comes at 1.1160 level. Above 1.1305 will restore the upside momentum and open 1.1355 level ahead of 1.1415 level.

GBPUSD: Consolidates With Downside Bias!

As long as 1.2652 support holds on a daily closing basis, the GBPUSD remains neutral, resistance comes at the 1.2762 level. A break will restore the upside momentum and pave the way to 1.2863 level, further upside resistance comes at 1.2920 level. Below 1.2625 sees a fall risk to 1.2580 level ahead of 1.2475 level, next support comes at 1.2355 level.

USDJPY: Recovers With Caution!

As long as 108.27/107.60 support holds on a daily closing basis, the USDJPY remains in a recovery mode and further upside could be seen to 108.85 level, above 108.85 aims 109.20/109.60. Below 108.60 restores the downside momentum and opens the way to 106.80 level ahead of 105.85 level.

AUDUSD: Bearish Eyes The 0.6867 Levels.

As long as 0.6937 resistance holds on a daily closing basis, the AUDUSD remains on the downside to 0.6867 level. A halt is likely, it may test 0.6900 before another down. Below 0.6867 aims the 0.6825 level ahead of 0.6780 level. Above 0.6937 sees recovery threats to the 0.6955 level, above 0.6955 aims the 0.7020 levels.

USDCAD: Sees Limited Recovery!

As long as 1.3280 support holds on a daily closing basis, the USDCAD remains in a recovery mode to 1.3344 level where a break will aim the 1.3380 level. At this point rise from 1.3238 should be contained well by the 1.3380 levels. Any way; above 1.3380 will extend the corrective recovery to 1.3430/1.3448 level, next resistance comes at 1.3520 level. Below 1.3280 will restore the downside momentum and open 1.3238 level ahead of 1.3168 level.

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