(FTSE) UK100 finds support
The (FTSE) UK100 saw another dip towards the 8700 level, but prices bounced slightly higher. A bullish reversal would prompt sellers to cover, easing the downward pressure and paving the way for a recovery to the previous consolidation area around 8840. Failing that, the recent support at 8670 is an important level to prevent a broader liquidation.
USDCAD drops 100 pips
The Canadian Dollar picks up gains against its neighbour as prices look for support. The major support of 1.3700 was easily broken and has now attracted more bargain hunters. A bearish breakout has forced buyers to bail out, triggering a move towards June’s low near 1.3550 and denting the bullish bias in the medium term. 1.3700 is a fresh resistance, and 1.3650 is a key obstacle to overcome before the US dollar can continue its push.
EURGBP weekend gap pressures the euro
The euro was licking its wounds as the pound continues to dominate across the board. Prices hit another low as a lack of buying interest left the door open for momentum selling, triggering a new round of selling. 0.8500 is the next stop with an oversold RSI likely to attract some dip buyers. However, as sentiment shifts, bulls will hope that the first resistance level of 0.8560 can be broken to relieve some pressure.
Test your trading strategy on forex and stocks with Orbex
The post Intraday Analysis 30.06.2025 appeared first on Orbex Forex Trading Blog.