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Euro “EC” (Sep)
Coverage for June 26
Monday's firm open didn't extend higher and sellers stepped into the vacuum with a mid-morning drop. The loss was recovered but the morning's highs weren't exceeded, while MACD & RSI began diverging negatively. A higher high remains in-play, but its sustainability is in question.
Resistance: 1.3525 and 1.3555
Support: 1.3475 and 1.3440
British Pound “BP” (Sep)
Coverage for June 26
Monday's firm open didn't extend higher and sellers stepped into the vacuum with a mid-morning drop. The loss was recovered but the morning's highs weren't exceeded, while MACD & RSI began diverging negatively. A higher high remains in-play, but its sustainability is in question.
Resistance: 1.9980 and 2.0020
Support: 1.9945 and 1.9900
Swiss Franc “SF” (Sep)
Coverage for June 26
Monday's firm open didn't extend higher and sellers stepped into the vacuum with a mid-morning drop. The loss was recovered but the morning's highs weren't exceeded, while MACD & RSI began diverging negatively. A higher high remains in-play, but its sustainability is in question.
Resistance: .8200 and .8230
Support: .8170 and .8140
Japanese Yen “JY” (Sep)
Coverage for June 26
Monday's open gapped up to fill the gap back to Thursday's close. A drop back into negative territory filled the gap back to Friday's open. The pattern was free to continue declining, especially since Friday was a second consecutive new low close. But the afternoon rallied back to the morning's highs. There shouldn't be much delay if any Tuesday in extending the rally if a bottom is forming.
Resistance: .8185 and .8205
Support: .8150 and .8135
Australian Dollar “AD” (Sep)
Coverage for June 26
Monday's session repeated Friday's pattern of gapping up to probe a slightly higher new high, and then retracing back to the prior day's close. Monday's close actually finished in negative territory. A close under .8430 would put into play a retest of June 13's session at .8320-.8340.
Resistance: .8465 and .8485
Support: .8425 and .8380
Canadian Dollar “CD” (Sep)
Coverage for June 26
So long as the gap back to Thursday's close needed to be filled it would inhibit rallies from forming. Monday's opening gap down stopped short of filling Thursday's gap, but the balance of the session only ranged sideways in negative territory.
Resistance: .9400 and 9430
Support: .9345 and .9310
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