U.S. Dollar Faces Uncertain Direction

 
 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: The pair has struck against its resistance. Suggest SHORT positions below 1.1085 with targets @ 1.102 & 1.0995 in extension. Above 1.1085 look for further upside with 1.113 & 1.116 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: The RSI lacks downward momentum. Suggest LONG positions above 123.3 with targets @ 123.65 & 123.8 in extension. Below 123.3 look for further downside with 123 & 122.7 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: The RSI lacks downward momentum. Suggest LONG positions above 1.557 with targets @ 1.5625 & 1.567 in extension. Below 1.557 look for further downside with 1.5535 & 1.5495 as targets.
        1 month trend: Range
        Intraday USD/CHF: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 0.9585 with targets @ 0.9635 & 0.9675 in extension. Below 0.9585 look for further downside with 0.9545 & 0.9525 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Suggest SHORT positions below 0.7125 with targets @ 0.706 & 0.704 in extension. Above 0.7125 look for further upside with 0.716 & 0.7185 as targets.
        1 month trend: Bearish
        Intraday EUR/JPY: The RSI lacks downward momentum. Suggest LONG positions above 136.1 with targets @ 137.1 & 137.6 in extension. Below 136.1 look for further downside with 135.45 & 134.95 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI lacks downward momentum. Suggest LONG positions above 1.0605 with targets @ 1.07 & 1.0745 in extension. Below 1.0605 look for further downside with 1.055 & 1.05 as targets.
        1 month trend: Range
        Intraday AUD/USD: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 0.729 with targets @ 0.7355 & 0.738 in extension. Below 0.729 look for further downside with 0.7255 & 0.723 as targets.
        1 month trend: Bearish
        * The pivot is the sum of the high, low and close divided by 3.
        This content was produced exclusively for Dow Jones by Trading Central, a leading investment research and commentary service specializing in technical analysis. (www.tradingcentral.com)
        This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
        (END) Dow Jones Newswires

        July 29, 2015 02:16 ET (06:16 GMT)

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