Forex, video, latest April 15, 2021 1:01 pm
A look at what is on a board for today
A couple of key ones to take note of, as highlighted inside bold.
For EUR/USD, there are quite a number of chunky ones inside also around a current levels – which could offer some added pull inside keeping price action below resistance @ 1.1990-00.
a large one at 1.1900 also sticks closer to a 200-day moving average so that might offer traders some added interest to defend a level inside case of any downside pressure.
For USD/JPY, there are big ones just above 109.00 so that might either keep things more sticky or act as a ceiling for gains (100-hour moving average seen near 109.29) as a chart continues to suggest a likelihood of a further run lower.
Meanwhile, there are also quite a number of modest-sized ones for AUD/USD around 0.7730-65 to become wary of – adding to a 61.8 retracement level of a swing lower from 18 March to 1 April @ 0.7728, which is limiting price gains on a daily for now.
All that said, a reaction to a US retail sales data later today is also a key factor to consider so there’s also event risk to consider for price action inside a day ahead.
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