- Copper is extending downside for 2nd successive week, has broken support at 100-DMA at 3.1536.
- The pair is currently consolidating break below 100-DMA, we see successive doji formation on daily candles.
- Downside finds strong support at 110-EMA at 3.115, we see extension of weakness only on decisive break below.
- Technical indicators are biased lower. RSI below 50 levels and Stochs are biased lower. Break below 110-EMA will see test of 3.055 (major trendline support).
- On the flipside, retrace and close above 100-DMA could invalidate bearish bias.
Support levels - 3.1151 (110-EMA), 3.068 (50% Fib retrace of 4.20 to 1.936 fall), 3.055 (trendline)
Resistance levels - 3.1304 (cloud base), 3.1536 (100-DMA), 3.1677 (55-EMA)
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR extends decline, scope for further downside
Major Pair Currency Scores: GBPUSD, USDCAD, AUDUSD & NZDUSD Lead as Top Bullish Pairs to Watch
FxWirePro- Major Crypto levels and bias summary
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
Crypto Action Bias: BNB/USD Leads Bullish Momentum as Major Pairs Neutralize
FxWirePro: USD/ZAR faces downside pressure with 38.2%fib support in focus
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
AUDJPY Bounces 150 Pips on Short Covering — Sell Rallies at 111.40 Targeting 108 as Higher EMAs Stay Bearish
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro : USD/JPY slips as Yen firms on further Intervention talk
NZDJPY Bears Reload: Sell Rallies to 90 as All EMAs Turn Hostile
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as the pair continues to weaken
Major European Indices Trend Scores: DAX & CAC40 Hit Perfect 100, FTSE100 at 85 — All Bullish with Key Levels to Watch 



