U.S. Dollar Under Pressure

 
   


By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 

        LONDON (Dow Jones)--Rolling 24-hour chart levels:
        Intraday EUR/USD: The RSI is well directed. Suggest LONG positions above 1.0845 with targets @ 1.0935 & 1.0965 in extension. Below 1.0845 look for further downside with 1.081 & 1.078 as targets.
        1 month trend: Bearish
        Intraday USD/JPY: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 124.45 with targets @ 125 & 125.25 in extension. Below 124.45 look for further downside with 124.3 & 124.1 as targets.
        1 month trend: Bullish
        Intraday GBP/USD: The RSI is well directed. Suggest LONG positions above 1.556 with targets @ 1.565 & 1.568 in extension. Below 1.556 look for further downside with 1.5525 & 1.55 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 0.9745 with targets @ 0.9825 & 0.9895 in extension. Below 0.9745 look for further downside with 0.9715 & 0.9665 as targets.
        1 month trend: Bullish
        Intraday EUR/GBP: The upward potential is likely to be limited by the resistance at 0.6995. Suggest SHORT positions below 0.6995 with targets @ 0.695 & 0.6935 in extension. Above 0.6995 look for further upside with 0.701 & 0.703 as targets.
        1 month trend: Bearish
        Intraday EUR/JPY: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest LONG positions above 135.6 with targets @ 136.5 & 136.9 in extension. Below 135.6 look for further downside with 135.25 & 134.95 as targets.
        1 month trend: Bearish
        Intraday EUR/CHF: The RSI is well directed. Suggest LONG positions above 1.065 with targets @ 1.069 & 1.071 in extension. Below 1.065 look for further downside with 1.062 & 1.059 as targets.
        1 month trend: Range
        Intraday AUD/USD: The RSI is badly directed. Suggest SHORT positions below 0.7365 with targets @ 0.73 & 0.726 in extension. Above 0.7365 look for further upside with 0.739 & 0.743 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)
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        (END) Dow Jones Newswires

        August 06, 2015 02:29 ET (06:29 GMT)

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