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Currency Forecast (July 7 - July 11)

Asian currencies today are moving early, USDJPY is moving up 15pips, there is no significant
agenda today for the pair.
As of writing the AUDUSD is trading lower at 0.9345. Reflecting back on the recent downside
pressures, the support that now stands out again with the supporting trendline.
Following pairs are forecast for one week.
EURUSD
BEARISH
1.3561 1.3511 1.3364
GBPUSD
SIDEWAYS
1.7123 1.7042 1.6961
USDJPY
BEARISH
101.54 102.06 103.80
USDCHF
BEARISH
0.8953 0.8996 0.9116
A
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1st of July Orders

The Asian session was dominated by the RBA policy meeting and leave the rate unchanged.
AUD/USD reached its highest at 0.9450, level where sellers are still holding their ground. Following are pairs for reference only.
EUR/USD
SELL AT 1.3730 FOR 1.3560
1.3565 1.3610 1.3639 1.3651
1.3687 (SPOT)
1.3698 1.3734 1.3745 1.3780
USD/JPY
SHORT AT 101.40 FOR 100.80
100.43 100.81 101.01 101.24
101.46 (SPOT)
101.60 101.81 101.97 102.20
GBP/USD
BUY AT 1.7080 FOR 1.7330
1.6952 1.6972 1.7004 1.7052
1.7106 (…
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