FxWirePro: USD/ZAR downside risk builds after SA Q2 GDP contraction 
FxWirePro: USD/CNY edges lower, bearish setup remains 
FxWirePro: USD/CNY trades flat near near 3 -1/2 year low , Outlook bearish 
NZDJPY Weakens for Fifth Day Amidst Yen Strength, Bearish Trend Favors Downside 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/NZD edges lower, remains on back foot 
EUR/USD Range-Bound Below 1.1660 Resistance: Bearish Target at 1.1500 
FxWirePro: GBP/AUD edges lower, vulnerable to more downside 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
Yen Strength Crushes EUR/JPY: Key Technical Levels to Watch as Bears Eye 178 
Add as a preferred source on Google
Key Level to Monitor: $640
BNB/USD pair jumped more than $60 following the footsteps of Bitcoin.It hit an intraday high of $725.80 and is currently trading around $725.70.
Overall bias remains bullish as long as support $640 holds. It trades above the 34 and 55 EMA on the 4-hour chart. If the pair closes below $640, potentially leading to further declines towards $580/$550.
Immediate Resistance is at $750. A successful breakout above this resistance could suggest bullish momentum, with further gains possible towards $775/$812/$848/$1000.
Indicators (4-Hour Chart)
- Directional Movement Index: Neutral
- CCI (50): Bullish
Trading Strategy
Consider buying on dips around $700, with a stop-loss set at $640 and a target price of $1000.
