Wednessday Support and Resistance Levels – June 28, 2017

The last 24 hours have brought some notable shakeups in the markets, so let’s see where the support and resistance levels stand this Wednesday morning.

Euro/Dollar surged yesterday as Mario Draghi struck a surprisingly hawkish note, and it now has R1 of 1 14 and S1 of 1 1350.

A 12 month high is now the lowest resistance line with 2 models, while the other two lines have found a single match each. R2 is a psychological level, and R3 is a 2 year high. Standing at a 20 day moving average, S2 sees 7 confirmations, wheras S3 is backed up by Price Channel Indicator Lower Line, Bollinger Lower Band and 3 other models. The highest support line has found 3 matches.

The Cable is up as well, and it stands between R1 of 1 2850 and S1 of 1 2780.
R3 is a 6 month high with 3 confirmations, and a 50 day moving average is among the 2 studies for R1. R2 has found a single match, that is, Bollinger Upper Band. S2 leads in support with 14 models, and S1 is a 20 day moving average with 5 studies. Standing near a 100 day moving average, S3 sees 4 confirmations.
Dollar/Yen has seen its ups and downs, but it currently stands below R1 of 112 50 and above S1 of 112.

R1 is Price Channel Indicator Upper Line with 3 models, and a 150 day moving average is among the 2 studies for R2. A psychological level is the only match for R3. Standing at a 50 day moving average, S2 is well confirmed with 11 studies, and the other two support lines have found 2 matches each. S3 is a 20 day moving average.

And Dollar/Swiss Franc has taken a hit, as it now has R1 of 0 9610 and S1 of 0 9550.

Standing at what used to be a 6 month low, R2 sees 5 confirmations, while R3 is Bollinger Upper Band with 3 models. The lowest resistance line has found a single match. S2 is a 12 month low with 2 studies, whereas the upper and lower support lines both see a single confirmation.