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Market Analysis 26th June 2023

EURUSD

EURUSD moves lower on Friday and able to moves below our support level before goes back higher and currently running 1.0900 just above our support level.

At the time of writing, the four-hour Stochastic indicator is moving strongly higher in the middle, the price is moving below the 20-period moving average. We are expected that EURUSD will move higher for today and try to reach back to our 20-period moving average at 1.0935.

Resistance: 1.0982, 1.1034

Support: 1.0892, 1.0803

GOLD

Gold moves higher on Friday and able to reach above $1,925 as expected before goes back lower. Gold currently is running at $1,921.

At the time of writing, the four-hour Stochastic indicator is crossing back lower in the middle, the price is moving below the 20-period moving average. We expect that Gold will move higher for today and try to reach above our resistance level at $1,925.

Resistance: $1,925, $1,939

Support: $1,912, $1,895

GBPUSD

GBPUSD moves lower on Friday and able to break below our support level. Currently, GBPUSD is trading at 1.2713.

As of this writing, the four-hour Stochastic indicator is moving higher in the middle from the oversold area, the price is still moving below the 20-period moving average. We expect GBPUSD to slightly higher for today and try to reach above our tight resistance level at 1.2727.

Resistance: 1.2727, 1.2773

Support: 1.2694, 1.2644

SPXUSD

SPXUSD moves lower on Friday and able to break our support level. SPXUSD currently is running at 4346.

As of this writing, the four-hour Stochastic indicator is moves lower just above the oversold area, the price is now moving below the 20-period moving average. We expect that SPXUSD might moves slightly higher for today and reach our resistance level at 4367.

Resistance: 4367, 4392

Support: 4341, 4303

USOUSD

USOUSD (WTI) moves lower in the early session on Friday and able to reach below our support level before goes back higher in the US session. Currently USOUSD is running at 69.54.

As of the time of writing, the four-hour Stochastic indicator is moving strongly higher targeting the overbought area, the price is still moving below the 20-period moving average. We expect that USOUSD to move slightly higher for today and try to reach our resistance level at 70.06.

Resistance: 70.06, 71.12

Support: 69.14, 68.26