Intraday Analysis - Friday, June 19

USDJPY soaring higher

USDJPY analysis shows The US dollar continues its bull run after breaking the previous 160.60 resistance level.
• A bounce above 160.90 has put the dollar back on track, as selling interest has stepped aside.
• 161.40 is the next stop before a test at 162.00 can be validated.
• 160.00 is the first support as the RSI ventures into overbought territory, with 159.60 being the bulls’ second layer of defence.

AUDUSD under pressure

The Australian dollar remained defiant after falling over 60 pips in recent sessions.
• A move above the daily resistance at 0.7100 has proven a tough nut to crack as buyers exit the game.
• As the RSI remains neutral, 0.6985 at the start of the breakout rally last week is the area to see if sellers re-emerge.
• 0.7100 is the hurdle to lift to stop the downturn, with 0.7150 awaiting the next test.

NAS 100 bounces higher

The Nasdaq hits another fresh high as investors pile into AI-related stocks.
• A rise above the previous resistance at 29700 indicates robust buying interests as bears struggle to contain the rebound.
• Even though the hourly price action is choppy, the directional bias remains upward.
• 28800 is a fresh support, and a close above 30000 would propel the index towards 30775.