The document provides an economic calendar and technical analysis for various currency pairs and gold. Key events on the economic calendar include Australian and Canadian trade balance data and US ADP employment numbers. Technical analysis indicates bearish trends for AUD/USD, NZD/USD, EUR/USD, GBP/USD and gold, while USD/JPY and USD/CAD trends are seen as bullish and USD/CHF is neutral. Trading strategies offer entry, target and stop loss levels.

1. Economic Calendar
Time Currency News Impact Expectation
02:30 AM AUD Ai Group Services Index JUN Medium 48.8 (actual)
05:30 AM AUD Balance of Trade MAY High A$15.965B
09:45 AM CHF Unemployment Rate JUN Medium 2.1%
10:00 AM GBP Halifax House Price Index MoM JUN Medium 0.5%
04:15 PM USD ADP Employment Change JUN High 180K
04:30 PM USD Balance of Trade MAY High C$1.9B
04:30 PM USD Balance of Trade MAY High $-86B
06:00 PM CAD Ivey PMI s.a JUN High 64

2. AUD/USD TREND: BEARISH
Technical Outlook:
On the hourly chart, the AUD/USD pair makes strong recovery in the Asian session. The pair trades
above 0.6820 with conviction. However, an acceptance above 0.6850 would be required to further
continue with the gains.
Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 22 Bearish
MACD Below midline Bearish
200 EMA 07180 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6810 0.6840 0.6870 0.6780

3. NZD/USD TREND: BEARISH
Technical Outlook:
NZD/USD exhibits handsome upside gains and zoomed above 0.6180. Still, holds below the
psychological 0.6200 mark. Oversold momentum oscillator makes bulls hopeful for further gains.
Indicators Daily chart Status
RSI 37 Bearish
STOCHASTIC 24 Bearish
MACD Below midline Bearish
200 EMA 0.6650 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6180 0.6210 0.6240 0.6150

4. EUR/USD TREND: BEARISH
Technical Outlook:
EUR/USD licks the wounds near 1.2000 as it managed to recover some part of the losses incurred on
Wednesday. However, the downside risk remained intact in the spot. We suggest a sell on rise
opportunity for traders.
Indicators Daily chart Status
RSI 30 Bearish
STOCHASTIC 9 Bearish
MACD Below midline Bearish
200 EMA 1.0950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
SELL 1.0205 1.0175 1.0145 1.0245
.

5. GBP/USD TREND: BEARISH
Technical Outlook:
GBP/USD marks another day of consolidation as it move in a very tight range of 1.1910-1.1950. Lack
of fresh trigger and volatility offers subtle trading session with range bound price action.
Indicators Daily chart Status
RSI 33 Bearish
STOCHASTIC 16 Bearish
MACD Below midline Bearish
200 EMA 1.2950 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.1945 1.1975 1.1205 1.1915

6. USD/JPY TREND: BULLISH
Technical Outlook:
On the daily chart, USD/JPY consolidates in a short-term range of 135.50-136.00 for the past few
trading sessions. The break of the range would decide next directional bias. We expect some a minor
downside in the pair on intraday basis.
Indicators Daily chart Status
RSI 56 Bullish
STOCHASTIC 63 Bullish
MACD Above midline Bullish
200 EMA 122.10 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 135.70 135.40 135.10 136.00

7. USD/CAD TREND: BULLISH
Technical Outlook:
On the daily chart, USD/CAD faces some rejection near 1.3040-1.3060 zone, a ‘triple top’ formation.
As a consequence we expect a profit booking in the pair. However, a trend reversal could happen if a
daily close below 1.2920 appeared.
Indicators Daily chart Status
RSI 60 Bullish
STOCHASTIC 75 Bullish
MACD Above midline Bullish
200 EMA 1.2710 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.3035 1.3005 1.2975 1.3065

8. USD/CHF TREND: NEUTRAL
Technical Outlook:
USD/CHF offers no surprise for traders as it continued to hovers in a range bound manner. The
0.9700 mark remained a challenge for the bulls to acquire and sustain over.
Indicators Daily chart Status
RSI 52 Bullish
STOCHASTIC 78 Bullish
MACD Below midline Bearish
200 EMA 0.9440 Bullish
Outlook Neutral
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 0.9690 0.9660 0.9630 0.9720

9. GOLD TREND: BEARISH
Technical Outlook:
XAU/USD manages to print some modest gains on Thursday morning. A strong beating, specifically in
the last two session signal some recovery with oversold technical indicators.
Indicators Daily chart Status
RSI 28 Bearish
STOCHASTIC 10 Bearish
MACD Below midline Bearish
200 EMA $1,846 Bearish
Outlook Bearish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy $1,740 $1,750 $1,760 $1,730