• Duncan Cooper , Senior Market Strategist & Trading Mentor at ACY


• 28.04.2022 04:45 pm
#stocks

Overview:

Watch the video for the key trading levels for AUDJPY, AUDUSD, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDJPY, USD Index, and S&P 500.

Read the updated analysis below:

• AUDJPY has declined down to the 90.71 monthly support level. Will price rally back to the 93.07 daily resistance level and form a lower top on the daily chart?
• AUDUSD has broken below the 0.7165 daily support level and this level is now acting as intraday resistance.
• EURJPY has tested the 135.51 daily support level. Will price continue to decline down to the 134.12 monthly support level?
• EURUSD has broken below the 1.0635 major monthly support level. Will the 1.0635 monthly support level now act as resistance for a further decline?
• GBPJPY has broken strongly below the 164.64 daily support level. Will price decline down to the 158.21 monthly support level?
• GBPUSD has broken below the 1.2647 weekly support level. Will the 1.2647 weekly support level now act as resistance for a further decline?
• NZDJPY has false broke the 86.40 monthly resistance level. Will price rally back to the 84.83 daily resistance level and form a lower top on the daily chart?
• NZDUSD has tested the 0.6527 monthly support level.
• USDJPY has formed a lower top on the daily chart. Will price decline back down to the 125.85 monthly support level?
• USD Index continues to advance towards the 103.81 monthly resistance level.
• S&P 500 has tested the 4138 daily support level ahead of the 4104 monthly support level.

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