The daily analysis report from TP Global FX provides technical analysis and trading recommendations for several currency pairs. On the AUD/USD, the pair weakened after the RBA meeting minutes and fell below $0.77, with technical indicators suggesting a bearish trend. The EUR/USD rose slightly but technicals show a downtrend, with resistance at $1.2132. The GBP/USD was rangebound ahead of UK jobs data, and technicals indicate short-term bearishness. Technical analyses were also provided for USD/CAD, USD/JPY, and gold. Economic data releases from the UK and US were also summarized.

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15 June, 2021
Daily Analysis Report

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Asian Bulle n: Aussie remains vola le a er RBA’s Monetary Policy Mee ng Minutes, Asian stock markets mixed, gold slightly down
Key Headlines:
• New Zealand FPI stands at 0.4 pct vs 1.1 pct previous release.
• South Korea trade balance stands at 2.94B vs 2.93B previous release.
• RBA Mee ng Minutes - Household spending is expected to be robust, buoyed by increasing income, increased jobs, and reduced uncertainty.
• RBA Mee ng Minutes - Monetary policy has led to the A$ being lower than it might have been otherwise.
• RBA Mee ng Minutes - A return to a ght labor market, with real infla on in the aim band improbable un l at least 2024.
• S&P500 and Nasdaq hit record closing peaks ahead of U.S. FOMC Mee ng due tomorrow.
• Italy's AIFA approves using different vaccine for second dose a er AstraZeneca jab –Reuters.
• Novavax COVID - 19 vaccines are more than 90% effec ve in U.S. trial – Reuters.
• Vaccines offer high protec on against hospitaliza on from Delta variant – U.K. Study.
• Africa will get priority treatment for the Group of Seven's pledged 870 million doses of COVID - 19 vaccine – WHO Adviser.
• U.K. BOE Gov Bailey - The size of the BoE's balance sheet will be a major issue in 5 years.
• U.K. BOE Gov Bailey - G7 's ll has a role' i.e., developing 'policy tools' to recover from Covid.
• U.K. BOE Gov Bailey - BOE likely to emerge from covid crisis with a balance sheet of approximately £1 tln.
• U.K. BOE Gov Bailey - The digital currency ques on' goes to the heart 'of what a central bank is here for'.
• U.K. BOE Gov Bailey - Deriva ves transi on has been more straigh orward.
Economic Data Ahead:
• (0600 GMT/1130 IST) U.K. Claimant count change, previous -15.1K, expected 25.0K.
• (0600 GMT/1130 IST) U.K. Unemployment Rate, previous 4.8, expected 4.7.
• (0645 GMT/1215 IST) France Final CPI, previous 0.3, expected 0.3.
• (0900 GMT/1430 IST) Euro Trade balance, previous 13.0B, expected 14.9B.
• (1230 GMT/1800 IST) U.S. Retail Sales, previous 0.0, expected -0.6.
• (1230 GMT/1800 IST) U.S. Core Retail Sales, previous -0.8, expected 0.4.
• (1230 GMT/1800 IST) U.S. PPI, previous 0.6, expected 0.5.
• (1230 GMT/1800 IST) U.S. Core PPI, previous 0.7, expected 0.5.
• (1230 GMT/1800 IST) U.S. Empire State Manufacturing Index, previous 24.3, expected 22.2.
• (1315 GMT/1845 IST) U.S. Industrial Produc on, previous 0.7, expected 0.6.
• (1315 GMT/1845 IST) U.S. Capacity U liza on Rate, previous 74.9, expected 75.2.
• (1400 GMT/1930 IST) U.S. Business Inventories, previous 0.3, expected -0.1.
Economic Events Ahead:
• (0700 GMT/1230 IST) Swiss SECO Economic Forecasts.
• (1215 GMT/1745 IST) U.K. BOE Gov Bailey Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched up 0.02% to 90.54 points.

3. AUD / USD
BUY SELL
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JUNE,
2
021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7722
R2 S2
0.7740
R3 S3
0.7778
R4
Commentary
S4
0.7803
Buy Above 0.7722
0.7750
0.7690
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7680
0.7658
0.7716
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie weakens immediately after RBA’s Monetary Policy Meeting Minutes and
slips back below $0.77 mark. The pair made intraday high at $0.7716 and low at $0.7695 mark. A
day chart and H1 chart with triple EMA suggests bearish trend for the time being. A sustained
close above $0.7722 on H1 chart requires for the upside rally. Alternatively, a consistent close
below $0.7680 will check further supports.
0.7680
0.7650
0.7622
0.7590

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.2132
R2 S2
1.2157
R3 S3
1.2176
R4
Commentary
S4
1.2205
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-
Time Frame: H1
EUR/USD: The euro rises gradually on Tuesday and breaks key support at $1.2120 mark ahead
of Euro’s Trade Balance results. Today pair made intraday high at $1.2123 and low at $1.2113.
Today triple EMA on a day chart is up but H1 chart suggests down trend for the time being. A
consistent close above $1.2132 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.2090 on H1 chart will check further supports.
EUR / USD
1.2080
1.2062
1.2037
1.2006
Buy Above 1.2132
1.2151
1.2105
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2090
1.2064
1.2127
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JUNE,
2
021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.4127
R2 S2
1.4156
R3 S3
1.4190
R4
Commentary
S4
1.4224
Buy Above 1.4127
1.4154
1.4098
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.4091
1.4070
1.4120
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The Sterling trades flat ahead of U.K.’s Jobless Claims data and remains well
supported above $1.4100 mark. The pair made intraday high at $1.4116 and low at $1.4098 mark.
A day chart suggests up trend but H1 chart with triple EMA suggests bearish trend for the time
being. A sustained close above $1.4127 on H1 chart will check key resistances. Alternatively, a
consistent close below $1.4083 will check further supports.
USD
1.4083
1.4065
1.4040
1.4001
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JUNE,
2
021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2170
R2 S2
1.2199
R3 S3
1.2226
R4
Commentary
S4
1.2247
Buy Above 1.2155
1.2180
1.2125
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2120
1.2085
1.2150
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The Canadian dollar moves in rigid boundaries and hovers around 1.2150 mark. Today
pair made intraday high at 1.2151 and low at 1.2136 mark. Today a day chart is bearish but H1
chart with triple EMA suggests bullish trend for the time being. A sustained close above 1.2170 on
H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2132 on H1 chart
will check key supports too.
USD /CAD
1.2132
1.2100
1.2068
1.2032
JUNE,
2
021

7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
110.32
R2 S2
110.54
R3 S3
110.76
R4
Commentary
S4
110.98
Buy Above 110.30
110.57
109.90
– Take Profit
– Stop Loss
Trade Idea
Sell Below 109.85
109.52
110.25
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
USD/JPY: The Japanese yen falls gradually on Tuesday and jumps back above 110.00 mark. The
pair made intraday high at 110.11 and low at 110.02 mark. The triple EMA on a day and H1 chart
suggests up trend for the time being. A sustained close above 110.30 on H1 chart requires for the
upside rally. Alternatively, a consistent close below 109.85 on H1 will check further key supports.
USD /JPY
109.85
109.57
109.20
108.82
JUNE,
2
021

8. BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1872
R2 S2
1878
R3 S3
1884
R4
Commentary
S4
1889
Buy Above 1870
1876
1862
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1856
18
1848
1864
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): Gold remained highly volatile in previous session and touched $1,844 mark.
Today the pair made intraday high at $1,867 and low $1,858 mark. A day chart is up but H1 chart
with triple EMA confirms down trend for the time being. A sustained close above $1,868 on H1
chart requires for the upside rally. Alternatively, a consistent close below $1,848 will check further
supports. Later today, U.S. will release various key indicators and therefore high volatility likely in
gold too.
XAU [GOLD]
USD
/
1858
1852
1847
1841
JUNE,
2
021

9. Thank
you!
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