Summary: Tian Hongliang, a special analyst for XM Group, provides a technical outlook for major forex pairs, gold, and indices for June 9. Key levels for EURUSD and XAUUSD are highlighted amid current market trends.
The US Dollar Index showed resilience on Monday, finding support at 99.80 after failing to break above 100.25[citation:1]. The technical structure suggests the dollar could maintain a bullish bias on pullbacks[citation:1].
EURUSD Technical Outlook
The Euro remains under pressure. After failing to sustain momentum above 1.1555, the pair is trading near a key resistance zone[citation:1]. Intraday resistance is seen at 1.1550-1.1555. A rejection here could push prices toward 1.1500 and potentially 1.1470-1.1475[citation:1].
XAUUSD Gold Trading Strategy
Gold prices experienced a volatile session, with resistance at 4354 and support at 4269[citation:1]. The metal is currently in a corrective phase. Immediate resistance lies at 4364-4369. If this level holds, sellers may target support at 4284-4289, followed by 4234-4239[citation:1].
GBPJPY & Cross Rates
The British Pound faces selling pressure against the Yen. The general risk-off sentiment supports the safe-haven Yen. Traders should watch for downside continuation. USD/JPY can be bought on dips with support at 159.95-160.50[citation:1].
Other Currency Pairs
GBP/USD: Sell on rally within 1.3305-1.3370 range. USD/CHF: Buy on dip at 0.7955-0.7995. AUD/USD: Sell on rally at 0.7020-0.7075. USD/CAD: Buy on dip at 1.3930-1.3970[citation:1].
Reference: Compiled from Tian Hongliang's June 9 major currency short-term trading guide via Hexun.com[citation:1].