On Tuesday EUR/USD broke out from a tight range around 1.1280-1.1299, while at the start of the US trading session the major overcame the 1.1200 handle, marking an intraday low of 1.1189. Support may be received at the 76.4% Fibonacci (1.1173), reflecting the ascent from May 30th low to June 9th high, and then – at the low from June 3rd (1.1134).
During the early phase of US trade GBP/USD overcame the psychological 1.4100, while reaching an intraday low of 1.4097, or a level unseen since April 8th. Support may be received at the monthly S2 (1.4086), then – at the weekly S1 (1.4075) and finally – at the low from April 8th (1.4038). Brexit fears continued to undermine demand for the Sterling.
USD/CAD broke above the 50-period Exponential Moving Average on the H4 time frame, while reaching an intraday high of 1.2873, or a level unseen since June 6th. Resistance may be encountered next at the 4-hourly 100-period EMA (1.2883) and then – at the 4-hourly 200-period EMA (1.2913). A break above the central monthly Pivot level (1.2914) clears the way to 1.2962 (the weekly R1).
Gold futures for delivery in August climbed to highs unseen since May 6th, while marking an intraday high of $1,292.95 per troy ounce. The move up may be resisted next at the high from May 6th ($1,295.60)/the upper Bollinger line on the daily time frame and then – at the weekly R2 level ($1,304.13)/May 2nd high and, as of yet, 2016 high ($1,304.40).
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