{"id":182007,"date":"2021-06-28T05:07:17","date_gmt":"2021-06-28T05:07:17","guid":{"rendered":"http:\/\/www.gcmasia.co\/analysis\/en\/?p=182007"},"modified":"2021-06-28T05:07:17","modified_gmt":"2021-06-28T05:07:17","slug":"280621-afternoon-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/280621-afternoon-session-analysis\/","title":{"rendered":"280621 Afternoon Session Analysis"},"content":{"rendered":"

28 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis<\/strong><\/p>\n

Aussie slips amid Covid resurgence.<\/strong><\/span><\/p>\n

The Australian dollar which traded against the greenback and other currency pairs have snap its five-day uptrend and fell following latest Covid-19 cases resurgence in Australia. According to latest reports from BBC, Australia\u2019s New South Wales have reported 30 fresh infections which have case the government to announced extra measures to curb the virus resurgence. The measures also cover 5 million people in Greater Sydney, Blue Mountains, Central Coast and Wollongong. New South Wales Premier Gladys Berjiklian forecasted that the virus cases will continue to rise considerably. On top of that, comments from Aussie Treasurer Josh Frydenberg also weigh on the Australian dollar where he stated that the country will only open its international borders after the country declared that it is safe to do so. At the time of writing, AUD\/USD slips 0.02% to 0.7583.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price remains steady and rose 0.04% to $73.95 per barrel as of writing amid ongoing demand recovery. Oil price continue to rose as fuel demand rebounded on strong economic growth and increased travel during summer in the northern hemisphere. On top of that, OPEC+ and its allies have maintained their productions which also help support the crude oil price. On the other hand, gold price slips 0.11% to $1779.55 a troy ounce at the time of writing following dollar strength.<\/p>\n

 <\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event <\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded flat while currently testing the support level 91.75. However, MACD which illustrate diminishing bearish momentum signal suggest the dollar to be traded higher towards the resistance level 92.25.<\/p>\n

 <\/p>\n

Resistance level: 92.25, 92.70<\/p>\n

Support level: 91.75, 91.30<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following recent breakout below the previous support level 1.3935. MACD which illustrate bearish bias signal with the formation of death cross suggest the pair to extend its losses towards the support level 1.3830.<\/p>\n

 <\/p>\n

Resistance level: 1.3935, 1.4020<\/p>\n

Support level: 1.3830, 1.3755<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower while currently testing the support level 1.1920. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1.1985, 1.2070<\/p>\n

Support level: 1.1920, 1.1845<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded lower following prior retracement from the resistance level 110.80. MACD which illustrate bearish momentum signal suggest the pair to extend its losses towards the support level 110.30.<\/p>\n

 <\/p>\n

Resistance level: 110.80, 111.60<\/p>\n

Support level: 110.30, 109.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded lower following prior retracement from the resistance level 0.7595. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses towards the support level 0.7545.<\/p>\n

 <\/p>\n

Resistance level: 0.7595, 0.7650<\/p>\n

Support level: 0.7545, 0.7475<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, H4: <\/strong>NZDUSD was traded lower following prior retracement from the resistance level 0.7070. MACD which illustrate diminishing bullish momentum signal suggest the pair to extend its losses towards the support level 0.7000.<\/p>\n

 <\/p>\n

Resistance level: 0.7070, 0.7135<\/p>\n

Support level: 0.7000, 0.6925<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD remain traded in a sideway channel following recent rebound from the support level 1.2275. However, MACD illustrate diminishing bearish momentum signal with the starting formation of golden cross suggest the pair to be traded higher towards the resistance level 1.2350.<\/p>\n

 <\/p>\n

Resistance level: 1.2350, 1.2420<\/p>\n

Support level: 1.2275, 1.2185<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher while currently testing near the resistance level 0.9195. MACD which illustrate diminishing bearish momentum signal suggest the pair to extend its gains after it breaks above the resistance level.<\/p>\n

 <\/p>\n

Resistance level: 0.9195, 0.9245<\/p>\n

Support level: 0.9135, 0.9090<\/p>\n


\n<\/strong><\/p>\n

\u00a0\"\"<\/strong><\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher while currently testing the resistance level 74.20. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower as a technical correction towards the support level 72.40.<\/p>\n

 <\/p>\n

Resistance level: 74.20, 76.30<\/p>\n

Support level: 72.40, 70.25<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price remain traded flat in a sideway channel while currently testing near the support level 1767.55. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower after it breaks below the support level.<\/p>\n

 <\/p>\n

Resistance level: 1812.10, 1856.00<\/p>\n

Support level: 1767.55, 1725.50<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

28 June 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Afternoon Session Analysis Aussie slips amid Covid resurgence. The Australian dollar which traded against the greenback and other currency pairs have snap its five-day uptrend and fell following latest Covid-19 cases resurgence in Australia. According to latest reports from BBC, Australia\u2019s New South Wales have reported 30 fresh infections which have case […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/182007"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=182007"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/182007\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=182007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=182007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=182007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}