Market Updates 02 Aug 2013

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EURUSD : As long as the daily close is above 1.3165, the pair is very bullish , strong and sudden rise is suggested, below 13165 would weaken / delay the current bullish run for retesting 1.3065/1.3000 levels, resistance is at 1.3300, a daily close above 1.3300 will open the way towards/beyond 1.3415 levels..

GBPUSD : The cable is under pressure withe further risk to the downside , resistance is 1.5222 ahead of 1.5353 (main) then 1.5412 , next support is at 1.5027 levels ahead of 1.4800 levels.

AUDUSD : Is bearish with risk towards 0.8850 ahead of 0.8700 levels, resistance is at 0.9043  ahead of 0.9205 (Critical) and 0.9318 (Critical).

 

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