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Euro “EC” (Jun)
Coverage for April 3
Monday's open gapped up slightly but then immediately entered a session-long narrow range. Friday's high wasn't attacked although the session remained positive all day. It's almost enough to be considered "ineffectual optimism" that would eventually point lower, but not volatile enough to define any signals.
Resistance: 1.3420 and 1.3450
Support: 1.3335 and 1.3310
British Pound “BP” (Jun)
Coverage for April 3
Friday's price action was similar to two weeks earlier (Mar 14) when the rally started. It's unlikely to have the same result when appearing at a high instead of a low. That didn't prevent Monday's open from also gapping up sharply (as did Mar 16). Notwithstanding the one-session consolidation in the setup's original version, they are still the same, and still unlikely to resolve the same way.
Resistance: 1.9800 and 1.9845
Support: 1.9720 and 1.9665
Swiss Franc “SF” (Jun)
Coverage for April 3
Monday's open gapped up slightly but then immediately entered a session-long narrow range. Friday's high wasn't attacked although the session remained positive all day. It's almost enough to be considered "ineffectual optimism" that would eventually point lower, but not volatile enough to define any signals.
Resistance: .8315 and .8345
Support: .8260 and .8240
Japanese Yen “JY” (Jun)
Coverage for April 3
Monday's session-long narrow range wasn't an immediate resumption of the decline, but it did buy some time for the decline to resume. Friday's high wasn't attacked although the session remained positive all day. It's almost enough to be considered "ineffectual optimism" that would eventually point lower, and any initial weakness would be credible for extending down.
Resistance: .8600 and .8650
Support: .8540 and .8480
Australian Dollar “AD” (Jun)
Coverage for April 3
A bearish setup was formed by Friday's rejection of its new high intraday that ended back under the high close. Bearish setups remain valid so long as they resolve down or fail probes of higher highs. They're invalidated only by brute force, which Monday's opening gap up delivered. The rally is still in its final days, but a much larger speculative balloon is still being inflated.
Resistance: .8165 and .8195
Support: .8105 and .8070
Canadian Dollar “CD” (Jun)
Coverage for April 3
Friday's dip into the close ended the day back under prior highs, potentially forming a Double Top with the prior week's high. Monday's open gapped down but never extended lower, so the Double Top remains unconfirmed. But the longer that buying is delayed or probes of higher highs fails, the more likely that a Double Top is forming.
Resistance: .8700 and .8745
Support: .8660 and .8625
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