US Oil has recovered from the $75 support area and is now testing $78.50, where 4H descending resistance comes into play.
A breakout and retest above $78.50 could support further recovery, while rejection may bring $75 back into focus.
This week’s EIA and IEA oil reports, alongside developments around the Strait of Hormuz, could add further volatility.
#USOil #TradingOutlook
Morning Market Brief: Today’s Intraday Market Levels.
USD/JPY intraday: Look for 159.68
The upside prevails as long as 158.88 is support, with 159.68 and 159.86 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
NZD/USD intraday: 0.5919 in sight
The upside prevails as long as 0.5879 is support, with 0.5919 and 0.5929 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
EUR/USD intraday: Pivotal moment
The upside prevails as long as 1.1533 is support, with 1.1591 and 1.1605 as targets
Read more: https://t.co/nq0FntAfh7
A data-driven week is ahead, headlined by the RBA rate decision, crucial U.S. inflation metrics like CPI and PPI, and key consumer strength updates.
As these figures shape market direction across major economies, preparation and disciplined risk management will be essential for navigating price action across asset classes.
Which of these releases are you watching closely? Share your focus below.
#MarketOutlook #FinancialMarkets #EconomicCalendar #BtcDana
Morning Market Brief: Today’s Intraday Market Levels
USD/JPY intraday: Aim at 158.65
The upside prevails as long as 157.90 is support, with 158.65 and 158.81 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels
EUR/JPY intraday: Look for 183.28
The upside prevails as long as 182.46 is support, with 183.28 and 183.47 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
EUR/USD intraday: Aim at 1.1591
The upside prevails as long as 1.1533 is support, with 1.1591 and 1.1605 as targets.
Read more: https://t.co/nq0FntAfh7
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Morning Market Brief: Today’s Intraday Market Levels.
GBP/USD intraday: 1.3416 in sight
The downside prevails as long as 1.3486 is resistance, with 1.3416 and 1.3396 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
USD/CHF intraday: Towards 0.8152
The upside prevails as long as 0.8085 is support, with 0.8152 and 0.8164 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
USD/JPY intraday: Look for 158.04
The upside prevails as long as 157.35 is support, with 158.04 and 158.21 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
NZD/USD intraday: Pivot threshold in sight
The upside prevails as long as 0.5874 is support, with 0.5914 and 0.5925 as targets
Read more: https://t.co/nq0FntAfh7
Morning Market Brief: Today’s Intraday Market Levels.
EUR/USD intraday: Look for 1.1578
The upside prevails as long as 1.1522 is support, with 1.1578 and 1.1592 as targets.
Read more: https://t.co/nq0FntAfh7