- Real trader volume shows critical Euro support at $1.0600, major resistance not until $1.1350
- The US Dollar looks like a sell versus the Canadian Dollar and other key counterparts
- See more information on DailyFX on the Real Volume and Transactions indicators
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The US Dollar trades near critical support versus the Euro and Japanese Yen, and a break below key levels sets up a much larger selling opportunity.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The Euro now trades between significant support near $1.0600 and noteworthy short-term congestion resistance in the $1.0750-1.0850 zone. A break above $1.0850 sees little in the way of meaningful volume levels until the $1.1350-1.1400 zone, and indeed our bias remains to the topside on a hold of $1.0600.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The British Pound trades at congestion resistance at approximately the $1.4900 mark, and a break above sees little in the way of meaningful volume until $1.5150.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Traders continue to keep the US Dollar above critical support in the ¥118-119.50 range, but a break lower sees little in the way of meaningful volume levels. The next USDJPY move may prove pivotal.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The Australian Dollar has held above key volume support at $0.7550, but it has thus far been unable to clear above key resistance in the $0.7900-0.8000 range. The next break will likely determine near-term direction.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The British Pound continues to hold critical congestion and volume support near ¥177.50, but a breakdown would leave little in the way of a move towards key volume levels near ¥172.50.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Limited EUR/JPY activity near current price action offers no meaningful volume-based support or resistance.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The US Dollar trades slightly below key support at SFr0.9600, and a sustained breakdown sets 0.9400 and eventually 0.8900 as the next important price floors.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The US Dollar has sustained a break below key volume-based support at C$1.2350, and our bias remains firmly towards selling as long as price remains below said level.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The New Zealand Dollar trades near key volume-based price resistance starting near $0.7700 and extending through $0.7900, while near-term support is $0.7500. A break higher will likely force a sustained move.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
Modest AUD/JPY volume at current levels suggests there is little in the way of a larger breakdown. Significant resistance remains near the ¥95 mark.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The EUR/AUD has broken below important support near the A$1.3800 mark and sees little in the way of a larger breakdown. Previous support now acts as near-term resistance.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The Euro/Sterling trades at potentially meaningful support as indicated by volume near 0.7250. A break lower shows little in the way of important price floors, while resistance extends through 0.7350.
Total Buy Volume Executed, Total Sell Volume Executed, Net Volume Executed (Buy-Sell)
Length of bar indicates the sum of Buy and Sell volume.
Data source: FXCM Real Directional Volume Indicator, Chart source: R. Prepared by David Rodriguez
The EUR/CAD sees little in the way of meaningful support as it breaks to fresh lows. Near-term resistance is previous spike-lows near C$1.3300.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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