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KBC technical analysis reports: AUD/USD, USD/CAD, GBP/USD, EUR/CHF

By: KBC

Strong rebound retested .8860 and reapproached channel top off year high (see graph).

Support at .8741 (break-up hourly), with next level at .8633 (today’s low?), where pause favored.

If wrong, next levels at .8619/ .8612 (reaction low hourly/ daily envelope bottom), ahead of .8593/ .8582 (daily LongTerm Moving Average↑/ break-up hourly): tough on 1st attempts.

Resistance area at .8812/ .8814 (weekly envelope top/ today’s high?), where pause favored.

If wrong, next levels at .8853/ .8859 (weekly Bollinger midline/ daily Downtrendline off year high), ahead of .8871(July 14 high) and .8883/ .8894 (61.8% year high to .8066/ 61.8% 2009 high to .8066): tough on 1st attempts.

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