A poor data of Non-Manufacturing PMI softened the dollar and driven it to the fresh monthly low. The pair traded below the pressure line, the value stays nearly to 1.1130 levels in the Asian & European sessions on yesterday. The gauge grew on the rear of a weak Non-Manufacturing PMI throughout the US session. The pair smashed the level 1.1200 and trended towards 1.1270 levels. The pair cracks the 50, 100 and 200 EMAs and leads upside from them in the 4HR time frame. The resistance comes in 1.1270, the support finds in 1.1200 levels. Indicator MACD grows which hints the sellers’ spot weakening. RSI indicator is growing towards the overbought region. A smash over the level of 1.1270 would unlock the path to 1.1350 levels.

GBPUSD

The pair is getting some moment due to a solid Services PMI in the nation. Moreover, the sterling grows on the rear of a weak US Non-Manufacturing PMI on last day. There were no significant events on the UK schedule and the pound driving below the influence of external reasons. The GBPUSD remained in green numbers on yesterday. The value recovered from previous day lows and comes back to the resistance levels 1.3360 throughout the European session. The gauge accelerated upsides and broke the 1.3360 levels in the US session. 

The moving averages currently drifting which are modestly bullish in the 4HR chart. The 50-EMA bounces back from the 100-EMA and intersecting upside to the 200-EMA signs a buy signal. The resistance seems at 1.3500 levels, the support finds at 1.3360 levels. MACD shows concurrence in the 1HR chart. Indicator RSI moved to the overbought zone. The resistance 1.3360 will be the key levels now. If the value gets under it we will drive into constant of the downside movement towards 1.3200 levels.

 

USDJPY

 

More volatile over the schedule of upcoming Fed rate-hike and depressed US data weighed on the pair. The dollar got some pressure below on yesterday when the US services sector unpredictably fell to the lowest level since January in the year of 2010. The USDJPY traded in a consolidation range from earlier Wednesday itself. Buyers’ tries to sustain an upward trend lost, the value remained nearly to the resistance levels 103.50 throughout the day. Following depressed US data the dollar got some pressure below and drop down to previous five-day low. Sellers advance the value from 103.50 towards 102.50 levels. 

 

The pair reached the 200-EMA in the 4HR chart. The 50-EMA smashed the 100 and 200 Day EMAs in the 4HR chart. All moving averages are twisting over. The resistance stands at 102.50, the support finds at 101.40 levels. Currently the pair is Bearish.

 

XAUUSD

The yellow metal grew on the rear of depressed US Non-Manufacturing PMI report. The fresh negative US data reduced some anticipation that the Fed will raise interest rates in coming September. The values moved to the weekly highs due to US negative Services PMI. The value cracking the resistance levels of 1330 and is drifting towards 1350 levels currently. 

 

The yellow metal moved from the 100 and 200 EMAs in the 4HR chart. The moving averages are driving upside. The resistance remains in 1350, the support stays in 1330 levels. Indicator MACD is in the positive zone. RSI indicator moved to the overbought region. We consider that this is fairly a Bullish market right now. The upcoming buyers’ target levels will be 1350.