- Uptrend remains intact, but pair may be leveling off near the key 0.7600 handle.
- Tuesday’s Trump-Kim summit could sap volatility out of the markets as traders await headlines from the meeting.
- Australian markets are coming back online today after a long weekend.
- Hourly MCAD, slow Stochastics are middling, indicating market indecision.
Spot rate: 0.7608
Relative change: Negligible
High: 0.7610
Low: 0.7603
Trend: Bullish to flat
Support 1: 0.7600 (major psychological level)
Support 2: 0.7588 (current week’s low)
Support 3: 0.7560 (one-week low)
Resistance 10.7621 (current week’s high)
Resistance 2: : 0.7632 (one-week Fibonacci retracement level)
Resistance 3: 0.7676 (one-week high)
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