Morning Bell …Today’s Trading Plan for the majors

Disappointing employment figures and the beginning of the EU conference has placed pressure on the majors against the dollar.  Here is a rundown of the pairs I'm watching.

 

EURUSD

Germain employment figures pushed the pair lower in European trading.   The last level of support before a move to monthly lows is at 1.2405...

Sup  1.2405

Res  1.2585

GBPUSD

Testing trend line support at 1.5525.  If this level breaks we could see a move back down towards 1.5525.

Sup    1.5525          1.5400

Res    1.5650

AUDUSD

Moving towards the 50 fib at 1.0027 and daily price support at parity.  Could bounce around this level.

Sup   1.0027/00

Res  1.0090

NZDUSD

 

The cross is testing daily support at .7880 after breaking below channel support.  If this level break we could see a move down to the weekly lows at .7850

Sup  .7880          .7850

Res  .7950

 

 

 

 

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