Date:Sat Dec 21 2024Tokyo:22:17Sydney:0:17New York:8:17London:13:17CET:14:17
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Daily Forex News By XtreamForex
XtreamForex
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Posts: 272 ✭
in Brokers
Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs
GBP USD
The GBP traded higher against the USD and closed at 1.2746.
The GBP/USD pair trades at the upper end of its weekly range as the dollar remains weak. Upside capped by Brexit uncertainty, looming Parliamentary discussions.
Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production. The indicator growth may have a positive effect on the pound quotes.
According to the Analysis, The pair is expected to find support at 1.27154, and a fall through could take it to the next support level of 1.26853. The pair is expected to find its first resistance at 1.27874, and a rise through could take it to the next resistance level of 1.28293.
Previous Day range was 72 and Current Day Range is 25.3.
AUD USD
The AUD traded lower against the USD and closed at 0.7185.
AUD prints session highs above 0.72 following a better-than-expected Aussie retail sales release.
The pair is struggling to find acceptance above 0.72 and could feel the pull of gravity during the day ahead as both the USD/CNH pair and gold are hinting at a recovery rally in the US dollar.
Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.
The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.
The indicator growth can have a positive effect on the Australian dollar quotes.
The pair is expected to find support at 0.71548, and a fall through could take it to the next support level of 0.71248. The pair is expected to find its first resistance at 0.72059, and a rise through could take it to the next resistance level of 0.72270.
AUD USD previous Day range was 51.1 and Current Day Range is 31.6.
NZD USD
The NZD traded higher against USD and closed at 0.6779.
The NZD/USD pair is probing the trendline falling from December highs for the third day straight. As of writing, the trendline resistance is located at 0.6786. Interestingly, the 100-period moving average (MA) on the 4-hour chart is also located at that level.
Building Consents m/m reflect summary data on permits for the construction of residential and non-residential buildings priced at 5000$ and higher, granted by New Zealand consent authorities. The indicator is calculated as a change in the reported month compared to the previous one. The calculation accounts for taxes on goods and services, however it is not adjusted for inflation.
Data on construction approvals are considered as an indicator of confidence in the domestic economy, therefore construction consents are also considered as a leading indicator of the construction sector activity.
According to the analysis, NZD/USD pair is expected to find support at 0.67684, and a fall through could take it to the next support level of 0.67581. The pair is expected to find its first resistance at 0.67915, and a rise through could take it to the next resistance level of 0.68043.
NZD/USD previous day range was 23.1 and current day range is 42.5.
GBP USD
The GBP traded higher against the USD and closed at 1.2746.
The GBP/USD pair trades at the upper end of its weekly range as the dollar remains weak. Upside capped by Brexit uncertainty, looming Parliamentary discussions.
Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production. The indicator growth may have a positive effect on the pound quotes.
According to the Analysis, The pair is expected to find support at 1.27154, and a fall through could take it to the next support level of 1.26853. The pair is expected to find its first resistance at 1.27874, and a rise through could take it to the next resistance level of 1.28293.
Previous Day range was 72 and Current Day Range is 25.3.
AUD USD
The AUD traded lower against the USD and closed at 0.7185.
AUD prints session highs above 0.72 following a better-than-expected Aussie retail sales release.
The pair is struggling to find acceptance above 0.72 and could feel the pull of gravity during the day ahead as both the USD/CNH pair and gold are hinting at a recovery rally in the US dollar.
Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.
The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.
The indicator growth can have a positive effect on the Australian dollar quotes.
The pair is expected to find support at 0.71548, and a fall through could take it to the next support level of 0.71248. The pair is expected to find its first resistance at 0.72059, and a rise through could take it to the next resistance level of 0.72270.
AUD USD previous Day range was 51.1 and Current Day Range is 31.6.
NZD USD
The NZD traded higher against USD and closed at 0.6779.
The NZD/USD pair is probing the trendline falling from December highs for the third day straight. As of writing, the trendline resistance is located at 0.6786. Interestingly, the 100-period moving average (MA) on the 4-hour chart is also located at that level.
Building Consents m/m reflect summary data on permits for the construction of residential and non-residential buildings priced at 5000$ and higher, granted by New Zealand consent authorities. The indicator is calculated as a change in the reported month compared to the previous one. The calculation accounts for taxes on goods and services, however it is not adjusted for inflation.
Data on construction approvals are considered as an indicator of confidence in the domestic economy, therefore construction consents are also considered as a leading indicator of the construction sector activity.
According to the analysis, NZD/USD pair is expected to find support at 0.67684, and a fall through could take it to the next support level of 0.67581. The pair is expected to find its first resistance at 0.67915, and a rise through could take it to the next resistance level of 0.68043.
NZD/USD previous day range was 23.1 and current day range is 42.5.
XtreamForex
Comments
BTC traded a bit lower against USD and closed at 3653.36.
Bitcoin breaks key levels again after breaching $4k.
Long term bottom is not in place yet.
According to the Analysis, The BTC/USD pair is expected to find support at 3589.71, and a fall through could take it to the next support level of 3526.05. The pair is expected to find its first resistance at 3708.30, and a rise through could take it to the next resistance level of 3763.23. Previous Day range was 118.59 and Current Day Range is 37.66.
Bitcoin, the king of Cryptocurrencies, has broken down of some key levels after breaking below $4,000 and is now at the risk of breaching $3,000 too as long term bottom is not yet in place for the largest crypto.
BTC/USD trading flat on day at $3,633 and in less than one percent range for the day - typical low volume and even lower volatility weekend trading that is. Earlier this week, Bitcoin and all the other major coins saw massive sell-off all over again, resulting in BTC breaking $4,000 again and as a result also broke some key levels on the short term (180-minute) as well as long term (daily) chart.
EUR USD
The EUR traded higher against the USD and closed at 1.1468.
EUR/USD slipped back below the pivot at 1.1468 on Friday, falling from a high of 1.1540 to a low of 1.1451, consolidating between there and 1.1480 in a sideways drift in the main.
ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the euro zone, the speech influences the EU currency.
If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.
According to the Analysis, The pair is expected to find support at 1.14519, and a fall through could take it to the next support level of 1.14360. The pair is expected to find its first resistance at 1.14825, and a rise through could take it to the next resistance level of 1.14972.
Previous Day range was 30.6 and Current Day Range is 24.4.
AUD USD
The AUD traded higher against the USD and closed at 0.7194.
The AUD/USD bounce gained further traction last hour, with the bulls testing highs into the 0.7220 level following fresh monetary and fiscal stimulus measures announced by China. The spot is on its way to test the monthly tops at 0.7236.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
The pair is expected to find support at 0.71737, and a fall through could take it to the next support level of 0.71537. The pair is expected to find its first resistance at 0.72158, and a rise through could take it to the next resistance level of 0.72379.
AUD USD previous Day range was 42.1 and Current Day Range is 31.5.
NZD USD
The NZD traded higher against USD and closed at 0.6821.
Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.
The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.
According to the analysis, NZD/USD pair is expected to find support at 0.68006, and a fall through could take it to the next support level of 0.67803. The pair is expected to find its first resistance at 0.68367, and a rise through could take it to the next resistance level of 0.68525.
NZD/USD previous day range was 36.1 and current day range is 34.2.
GBP USD
The GBP traded lower against the USD and closed at 1.2858.
The GBP/USD pair is struggling to cross the 9-month-long falling trendline for the third day straight, having charted a big doji candle at that diagonal line yesterday.
Bank of England Governor Speech is given by the head of the BOE's Monetary Policy Committee and has the greatest influence over sterling's value among all members of the Committee. The BoE Governor's public engagements suggest clues regarding the change in the exchange rate and future monetary policy of the Bank of England.
According to the Analysis, The pair is expected to find support at 1.27176, and a fall through could take it to the next support level of 1.25770. The pair is expected to find its first resistance at 1.29563, and a rise through could take it to the next resistance level of 1.30544.
Previous Day range was 238.7 and Current Day Range is 47.1.
USD JPY
The USD traded lower against the JPY and closed at 108.631.
USD/JPY is on the retreat, having faced multiple rejections near 108.75 in the last 24 hours.
Risk-reset is likely on shaky grounds. China stimulus pledge could be overshadowed by the global growth slowdown.
BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan.
If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.
The pair is expected to find support at 108.253, and a fall through could take it to the next support level of 107.875. The pair is expected to find its first resistance at 108.884, and a rise through could take it to the next resistance level of 109.137.
USD JPY previous Day range was 6310 and Current Day Range is 3350.
USD CHF
The USD traded higher against CHF and closed at 0.9876.
With major European currencies remaining under strong selling pressure on Tuesday, the greenback attracted investors' attention and the US Dollar Index recovered all of the losses it recorded last week and broke above 96 to refresh its highest level since January 4 at 96.23.
Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 0.98208, and a fall through could take it to the next support level of 0.97656. The pair is expected to find its first resistance at 0.99124, and a rise through could take it to the next resistance level of 0.99488.
USD/CHF previous day range was 91.6 and current day range is 8.1.
EUR USD
The EUR traded higher against the USD and closed at 1.1388.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
According to the Analysis, The pair is expected to find support at 1.13708, and a fall through could take it to the next support level of 1.13535. The pair is expected to find its first resistance at 1.14055, and a rise through could take it to the next resistance level of 1.14229.
Previous Day range was 34.7 and Current Day Range is 13.9.
GBP USD
The GBP traded lower against the USD and closed at 1.2983.
Retail Sales m/m show the changes in the value of retail goods sold in the UK for the given month compared to the previous one. The calculation uses season-adjusted data from British retailers.
The indicator is used in forecasting, budgeting and in the development of the UK financial and economic policy. The retail sales growth can affect the British pound quotes positively.
The pair is expected to find support at 1.28772, and a fall through could take it to the next support level of 1.27714. The pair is expected to find its first resistance at 1.30437, and a rise through could take it to the next resistance level of 1.31044.
GBP USD previous Day range was 166.5 and Current Day Range is 25.6.
NZD USD
The NZD traded higher against USD and closed at 0.6761.
BusinessNZ Performance of Manufacturing Index (PMI) is compiled based on a monthly survey. It serves as a leading indicator of New Zealand's manufacturing sector activity.
According to the analysis, pair is expected to find support at 0.67303, and a fall through could take it to the next support level of 0.66995. The pair is expected to find its first resistance at 0.67892, and a rise through could take it to the next resistance level of 0.98173.
NZD USD previous day range was 58.9 and current day range is 22.4.
EUR USD
The EUR traded higher against the USD and closed at 1.1359.
ECB Deposit Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The regulator takes decisions on deposit rates depending on the inflationary outlook and economic growth.
Cut in deposit rates leads to a lower euro rate.
According to the Analysis, The pair is expected to find support at 1.13393, and a fall through could take it to the next support level of 1.13195. The pair is expected to find its first resistance at 1.13761, and a rise through could take it to the next resistance level of 1.13931.
Previous Day range was 36.8 and Current Day Range is 9.
USD CAD
The USD traded lower against the CAD and closed at 1.3354.
Canada Core Retail Sales m/m reflect the change in retail sales in the reported month compared to the previous one. The indicator is calculated based on statistics from retail stores of different types and sizes. The index calculation does not include sales of autos and spare parts.
Retails Sales are an indicator of consumer activity in Canada, and an important component of national GDP. The indicator growth can have a positive effect on CAD quotes.
The pair is expected to find support at 1.33105, and a fall through could take it to the next support level of 1.32671. The pair is expected to find its first resistance at 1.33773, and a rise through could take it to the next resistance level of 1.34007.
USD/CAD previous Day range was 66.8 and Current Day Range is 32.4.
USD JPY
The USD traded higher against JPY and closed at 109.361.
BoJ Press Conference is a main PR event of the Japanese regulator. During the Press Conference, the Bank of Japan Governor or Deputy Governor explains decisions concerning the monetary policy, describes their views on the prospects of economic development and answers questions.
If the regulator's statement contains some hints at the upcoming tightening of the monetary policy, this has a short-term positive impact on JPY.
According to the analysis, pair is expected to find support at 109.110, and a fall through could take it to the next support level of 108.859. The pair is expected to find its first resistance at 109.650, and a rise through could take it to the next resistance level of 109.939.
USD JPY previous day range was 5400 and current day range is 4550.
GBP USD
The GBP traded higher against the USD and closed at 1.3066.
According to the Analysis, The pair is expected to find support at 1.29795, and a fall through could take it to the next support level of 1.28929. The pair is expected to find its first resistance at 1.31155, and a rise through could take it to the next resistance level of 1.31649.
Previous Day range was 136 and Current Day Range is 27.4.
AUD USD
The AUD traded lower against the USD and closed at 0.7139.
Australia Employment Change measures a change in the number of officially employed Australians in the reported month.
Employment growth is a sign of a stronger labor market and can be seen as positive for the Australian dollar quotes.
The pair is expected to find support at 0.71229, and a fall through could take it to the next support level of 0.71070. The pair is expected to find its first resistance at 0.71492, and a rise through could take it to the next resistance level of 0.71956.
AUD USD previous Day range was 26.3 and Current Day Range is 46.
NZD USD
The NZD traded higher against USD and closed at 0.6786.
Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.
The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 0.67528, and a fall through could take it to the next support level of 0.67193. The pair is expected to find its first resistance at 0.68089, and a rise through could take it to the next resistance level of 0.68315.
NZD USD previous day range was 56.1 and current day range is 24.8.
EUR USD
The EUR traded higher against the USD and closed at 1.1404.
EUR/USD made a strong recovery on Friday in a risk on the environment with headlines that an agreement has been reached to temporarily end the US government shutdown.
ECB President Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If the ECB President's speech suggests any conclusions on the monetary policy or a clear assessment of the economic and financial situation of the eurozone, the speech influences the EU currency.
If the speech suggests the tightening of the monetary policy, it is seen as positive for the euro.
According to the Analysis, The pair is expected to find support at 1.13306, and a fall through could take it to the next support level of 1.12572. The pair is expected to find its first resistance at 1.14473, and a rise through could take it to the next resistance level of 1.14906.
Previous Day range was 116.7 and Current Day Range is 23.5.
USD CHF
The USD traded lower against the CHF and closed at 0.9931.
The pair is expected to find support at 0.99107, and a fall through could take it to the next support level of 0.98903. The pair is expected to find its first resistance at 0.99613, and a rise through could take it to the next resistance level of 0.99945.
USD CHF previous Day range was 52.1 and Current Day Range is 14.7.
AUD USD
The AUD traded lower against USD and closed at 0.718.
The AUD/USD pair edged higher and regained the 0.72 handle briefly, as the selling pressure around the greenback remained unabated. However, downbeat Chinese industrial profits data appears to cap the further upside in the Aussie.
According to the analysis, pair is expected to find support at 0.71084, and a fall through could take it to the next support level of 0.70377. The pair is expected to find its first resistance at 0.72179, and a rise through could take it to the next resistance level of 0.72559.
AUD USD previous day range was 109.1 and current day range is 29.
GBP USD
The GBP traded higher against the USD and closed at 1.3064.
Bank of England Governor Speech is given by the head of the BOE's Monetary Policy Committee and has the greatest influence over sterling's value among all members of the Committee. The BoE Governor's public engagements suggest clues regarding the change in the exchange rate and future monetary policy of the Bank of England.
According to the Analysis, The pair is expected to find support at 1.30144, and a fall through could take it to the next support level of 1.29642. The pair is expected to find its first resistance at 1.31577, and a rise through could take it to the next resistance level of 1.32468.
Previous Day range was 141.3 and Current Day Range is 34.7.
EUR USD
The EUR traded higher against the USD and closed at 1.1431.
France Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter. The GDP is calculated based on statistical information (using national economic indicators), forecast models and expert evaluations. GDP growth can have a positive effect on euro quotes.
The pair is expected to find support at 1.14117, and a fall through could take it to the next support level of 1.13923. The pair is expected to find its first resistance at 1.14502, and a rise through could take it to the next resistance level of 1.14693.
EUR USD previous Day range was 38.5 and Current Day Range is 16.6.
USD JPY
The USD traded lower against JPY and closed at 109.389.
Retail Sales m/m show the total volume of retail sales of goods and services in the past month compared with the previous one. This is a highly volatile indicator, it is seasonally adjusted.
The index allows evaluating consumer spending which is an important indicator of the national inflation.
The indicator growth can have a positive effect on yen quotes.
According to the analysis, pair is expected to find support at 109.168, and a fall through could take it to the next support level of 108.948. The pair is expected to find its first resistance at 109.573, and a rise through could take it to the next resistance level of 109.758.
USD JPY previous day range was 4050 and current day range is 2260.
USD CAD
The USD traded lower against the CAD and closed at 1.3148.
Fed says that it will stay patient on further rate hikes.
US Dollar Index falls sharply on the dovish shift in the language.
WTI settles above $54 on Wednesday.
FOMC Press Conference is a quarterly event that attracts the attention of financial analysts and economists from around the world. During the press conference, the US Federal Open Market Committee members respond to journalists' questions about the US monetary policy, inflation prospects and measures taken to achieve its target level.
The index allows making conclusions about the terms of interest rate changes or changes in the monetary policy, depending on the speaker's rhetoric. Indirect hints at the coming growth of interest rates are seen as positive for the dollar.
According to the Analysis, The pair is expected to find support at 1.30838, and a fall through could take it to the next support level of 1.30201. The pair is expected to find its first resistance at 1.32461, and a rise through could take it to the next resistance level of 1.33447.
Previous Day range was 162.3 and Current Day Range is 26.5.
USD CHF
The USD traded lower against the CHF and closed at 0.9941.
US Dollar Index rises toward 96 on strong ADP data.
Wall Street starts the day on a strong footing.
FOMC is expected to keep its policy rate unchanged at 2.5%.
FED Interest Rate Decision is made on a predetermined date during the vote among the members of the Federal Open Market Committee (FOMC) concerning the Federal Reserve short-term interest rates to be charged from credits and commercial bank loans.
The increasing rate can have a positive effect on USD, while a decrease can affect USD negatively. If the rate remains unchanged, the analysts evaluate the number of "for" and "against" votes and discuss statements of voters after the minutes of meeting are published in order to forecast the results of the next meeting.
The pair is expected to find support at 0.99169, and a fall through could take it to the next support level of 0.98928. The pair is expected to find its first resistance at 0.99799, and a rise through could take it to the next resistance level of 1.00188.
USD CHF previous Day range was 63 and Current Day Range is 19.4.
NZD USD
The NZD traded higher against USD and closed at 0.6888.
The NZD/USD pair jumped 24 pips to a session high of 0.6824 after the ratings agency S&P raised New Zealand outlook to positive from stable and left rating unchanged at AA.
According to the analysis, pair is expected to find support at 0.68352, and a fall through could take it to the next support level of 0.67826. The pair is expected to find its first resistance at 0.69257, and a rise through could take it to the next resistance level of 0.69636.
NZD USD previous day range was 90.5 and current day range is 37.1.
XAU USD.x
The XAU traded lower against the USD and closed at 1321.27.
Gold could trade in a sideways-to-negative manner as a key technical indicator is reporting the loss of bullish momentum.
According to the Analysis, The pair is expected to find support at 1317.09, and a fall through could take it to the next support level of 1312.91. The pair is expected to find its first resistance at 1325.85, and a rise through could take it to the next resistance level of 1330.43.
Previous Day range was 8.76 and Current Day Range is 43000.
BTC USD
The BTC traded lower against the USD and closed at 3498.84.
Cryptocurrency market slipped back in the red zone on Thursday and continued consolidating with bearish bias during early Asian hours on Friday. All major coins demonstrate moderate losses
The pair is expected to find support at 3462.14, and a fall through could take it to the next support level of 3425.45. The pair is expected to find its first resistance at 3551.55, and a rise through could take it to the next resistance level of 3604.27.
BTC USD previous Day range was 89.41 and Current Day Range is 50.24.
ETH USD
The ETH traded lower against USD and closed at 108.31.
Bears take over the ETH/USD market as it loses 1.75% of its overall value.
Heavy resistance at $107.50 and $109 severely limits ETH/USD’s growth
According to the analysis, pair is expected to find support at 105.95, and a fall through could take it to the next support level of 103.60. The pair is expected to find its first resistance at 111.96, and a rise through could take it to the next resistance level of 115.62.
ETH USD previous day range was 6.01 and current day range is 36600.
EUR USD
The EUR traded lower against the USD and closed at 1.1454.
The EUR/USD pair advanced for a second consecutive week, unable, however, to make a relevant bullish breakout and finishing the week right below 1.1460.
Unemployment Change reflects a change in the total number of unemployed Spanish citizens. The indicator growth is usually accompanied with a decrease in the purchasing power of the population, which may have a negative effect on euro quotes.
According to the Analysis, The pair is expected to find support at 1.14297, and a fall through could take it to the next support level of 1.14055. The pair is expected to find its first resistance at 1.14829, and a rise through could take it to the next resistance level of 1.15119.
Previous Day range was 53.2 and Current Day Range is 13.5.
GBP USD
The GBP traded lower against the USD and closed at 1.3075.
GBP/USD running out of steam faded at 1.3217 highs. Brexit Secretary Stephen Barclay and senior government officials are due to discuss alternative arrangements to the Irish backstop this week.
Factory Orders m/m show the changes in the volume of orders for durable and non-durable goods received by US companies in the given month compared to the previous one. This is a composite indicator including new industrial orders for durable and non-durable goods; orders unfilled by the end of a month; shipments (indicating the current sales); total reserves of raw materials and products by the end of the given month.
The indicator growth can have a positive effect on dollar quotes.
The pair is expected to find support at 1.30409, and a fall through could take it to the next support level of 1.30064. The pair is expected to find its first resistance at 1.31111, and a rise through could take it to the next resistance level of 1.31468.
GBP USD previous Day range was 70.2 and Current Day Range is 19.7.
USD CAD
The USD traded bit higher against CAD and closed at 1.3098.
The USD/CAD pair broke below the key 1.3115/20 support area and tumbled to 1.3082, the lowest level since November 7. The pair resumed the move lower that started early January from above 1.3600.
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.
Readings above 50 can have a positive effect on US dollar quotes.
According to the analysis, pair is expected to find support at 1.30582, and a fall through could take it to the next support level of 1.30188. The pair is expected to find its first resistance at 1.31471, and a rise through could take it to the next resistance level of 1.31966.
USD CAD previous day range was 88.9 and current day range is 14.1.
AUD USD
The AUD traded higher against the USD and closed at 0.7225.
Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.
The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.
The indicator growth can have a positive effect on the Australian dollar quotes.
According to the Analysis, The pair is expected to find support at 0.72060, and a fall through could take it to the next support level of 0.71873. The pair is expected to find its first resistance at 0.72486, and a rise through could take it to the next resistance level of 0.72725.
Previous Day range was 42.6 and Current Day Range is 60.1.
NZD USD
The NZD traded higher against the USD and closed at 0.6896.
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.
Readings above 50 can have a positive effect on US dollar quotes.
The pair is expected to find support at 0.68754, and a fall through could take it to the next support level of 0.68548. The pair is expected to find its first resistance at 0.69111, and a rise through could take it to the next resistance level of 0.69262.
NZD USD previous Day range was 35.7 and Current Day Range is 30.4.
USD JPY
The USD traded bit higher against JPY and closed at 109.874.
Household Spending y/y measures the total expenditure by Japanese households in the given month compared to the same month of the previous year. The index is calculated based on a statistical sample of households in the country. The calculation includes expenditures on food, housing, utilities, furniture, closing, health, education, transport, communication, leisure activities, etc.
The index is viewed as an indicator of economic growth and consumer optimism. It allows measuring the level of inflation in the country.
The indicator growth can have a positive effect on the yen quotes.
According to the analysis, pair is expected to find support at 109.484, and a fall through could take it to the next support level of 109.093. The pair is expected to find its first resistance at 110.212, and a rise through could take it to the next resistance level of 110.549.
USD JPY previous day range was 7280 and current day range is 2010.
EUR USD
The EUR traded lower against the USD and closed at 1.1405.
Despite macroeconomic data released this Tuesday favored an advance in EUR/USD the pair ends the day with losses at pre-FOMC levels. 1.1315 at sight should the 1.1400 figure gives up.
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices.
Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.
According to the Analysis, The pair is expected to find support at 1.13907, and a fall through could take it to the next support level of 1.13767. The pair is expected to find its first resistance at 1.14293, and a rise through could take it to the next resistance level of 1.14539.
Previous Day range was 38.6 and Current Day Range is 13.
USD CAD
The USD traded higher against the CAD and closed at 1.1325.
The USD/CAD pair trades little changed around 1.3130 on early Wednesday. The pair has strong resistance confluence near 1.3205-1.3210 that includes 100-day simple moving average (SMA) and a month old descending trend-line.
Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.
The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.
Survey results are seasonally adjusted.
A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.
The pair is expected to find support at 1.31002, and a fall through could take it to the next support level of 1.30757. The pair is expected to find its first resistance at 1.31511, and a rise through could take it to the next resistance level of 1.31755.
USD CAD previous Day range was 50.9 and Current Day Range is 26.1.
USD CHF
The USD traded bit higher against CHF and closed at 0.9995.
US Dollar Index struggles to break above 96.
10-year T-bond yield erases gains to weigh on the greenback.
Coming up: ISM and Markit non-manufacturing PMI data from the U.S.
According to the analysis, pair is expected to find support at 0.99706, and a fall through could take it to the next support level of 0.99464. The pair is expected to find its first resistance at 1.00198, and a rise through could take it to the next resistance level of 1.00448.
USD CHF previous day range was 49.2 and current day range is 16.9.
AUD USD
The AUD traded lower against the USD and closed at 0.7100.
Reserve Bank of Australia (RBA) Monetary Policy Statement is published quarterly. It provides explanations to the current monetary policy and description of economic state and inflation prospects.
According to the Analysis, The pair is expected to find support at 0.70871, and a fall through could take it to the next support level of 0.70740. The pair is expected to find its first resistance at 0.71152, and a rise through could take it to the next resistance level of 0.71302.
Previous Day range was 28.1 and Current Day Range is 43.3.
USD CAD
The USD traded higher against the CAD and closed at 1.3307.
Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.
The indicator is used when measuring Canada's labor market. The indicator growth can have a positive effect on CAD quotes.
The pair is expected to find support at 1.32344, and a fall through could take it to the next support level of 1.31619. The pair is expected to find its first resistance at 1.33482, and a rise through could take it to the next resistance level of 1.33895.
USD CAD previous Day range was 113.8 and Current Day Range is 31.
USD JPY
The USD traded bit lower against JPY and closed at 109.799.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
According to the analysis, pair is expected to find support at 109.577, and a fall through could take it to the next support level of 109.354. The pair is expected to find its first resistance at 110.051, and a rise through could take it to the next resistance level of 110.302.
USD JPY previous day range was 4740 and current day range is 1890.
GBP USD
The GBP traded lower against the USD and closed at 1.2938.
Manufacturing Production m/m shows the change in the value of goods produced in the manufacturing sector of the UK industry in the given month compared to the previous month.
Manufacturing (production of foods, pharmaceuticals, light industry, metal processing, etc.) accounts for about 80% of the overall UK industrial production.
The indicator growth may have a positive effect on the pound quotes.
According to the Analysis, The pair is expected to find support at 1.29147, and a fall through could take it to the next support level of 1.28909. The pair is expected to find its first resistance at 1.29678, and a rise through could take it to the next resistance level of 1.29971.
Previous Day range was 53.1 and Current Day Range is 12.1.
NZD USD
The NZD traded higher against the USD and closed at 0.6745.
Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spending and economic activity.
The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.
The pair is expected to find support at 0.67274, and a fall through could take it to the next support level of 0.67099. The pair is expected to find its first resistance at 0.67643, and a rise through could take it to the next resistance level of 0.67837.
NZD USD previous Day range was 36.9 and Current Day Range is 32.3.
EUR USD
The EUR traded bit lower against USD and closed at 1.1323.
FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
The FED Chair's statements have the greatest impact on the market compared to other members of the FED Board of Governors.
According to the analysis, pair is expected to find support at 1.13129, and a fall through could take it to the next support level of 1.13024. The pair is expected to find its first resistance at 1.13423, and a rise through could take it to the next resistance level of 1.13612.
EUR USD previous day range was 29.4 and current day range is 12.8.
AUD USD
The AUD traded lower against the USD and closed at 0.7061.
The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.
A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.
According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.
Previous Day range was 50.9 and Current Day Range is 33.5.
USD CAD
The USD traded lower against the CAD and closed at 1.3301.
JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.
The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers' survey. In addition to job openings, it includes data on employment, hires and separations.
JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.
The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.
USD CAD previous Day range was 56.9 and Current Day Range is 27.
USD JPY
The USD traded higher against JPY and closed at 110.367.
Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.
Industrial production growth may have a positive effect on yen quotes.
According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.
USD JPY previous day range was 6950 and current day range is 3020.
GBP USD
The GBP traded higher against the USD and closed at 1.2843.
Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.
The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.
According to the Analysis, The pair is expected to find support at 1.28052, and a fall through could take it to the next support level of 1.27675. The pair is expected to find its first resistance at 1.29183, and a rise through could take it to the next resistance level of 1.29937.
Previous Day range was 113.1 and Current Day Range is 24.9.
AUD USD
The AUD traded higher against the USD and closed at 0.7088.
Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week.
The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are used most often for interpretation.
The indicator growth can have a negative effect on US dollar quotes.
The pair is expected to find support at 0.70703, and a fall through could take it to the next support level of 0.70531. The pair is expected to find its first resistance at 0.71205, and a rise through could take it to the next resistance level of 0.71535.
AUD USD previous Day range was 50.2 and Current Day Range is 35.5.
USD JPY
The USD traded higher against JPY and closed at 111.
Gross Domestic Product (GDP) q/q reflects the monetary value of all goods and services produced in Japan during a given quarter compared to the previous one. The calculation takes into account private consumption, government spending, the costs of all enterprises and net exports of the country.
GDP growth can have a positive effect on yen quotes.
According to the analysis, pair is expected to find support at 110.599, and a fall through could take it to the next support level of 110.197. The pair is expected to find its first resistance at 111.226, and a rise through could take it to the next resistance level of 111.451.
USD JPY previous day range was 6270 and current day range is 2550.
USD CAD
The USD traded higher against the CAD and closed at 1.3292.
Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).
The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
A higher than expected reading can have a positive effect on dollar quotes.
According to the Analysis, The pair is expected to find support at 1.32341, and a fall through could take it to the next support level of 1.31757. The pair is expected to find its first resistance at 1.33454, and a rise through could take it to the next resistance level of 1.33983.
Previous Day range was 111.3 and Current Day Range is 23.5.
EUR USD
The EUR traded higher against the USD and closed at 1.1294.
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
The pair is expected to find support at 1.12597, and a fall through could take it to the next support level of 1.12250. The pair is expected to find its first resistance at 1.13189, and a rise through could take it to the next resistance level of 1.13434.
EUR USD previous Day range was 59.2 and Current Day Range is 12.8.
USD CHF
The USD traded higher against CHF and closed at 1.0047.
Fed Industrial Production m/m reflects the production volume in the US in the given month compared to the previous one. The calculation includes the monthly industrial production of factories, mining enterprises and electric networks. Publishing business and periodicals are included as well. The index is calculated relative to the base period having a reference level of 100% (currently, it is the year of 2002).
The Fed uses this report for evaluating inflation and the country's manufacturing sector. The indicator can also be used to forecast the current period's GDP.
A higher than expected reading can have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 1.00281, and a fall through could take it to the next support level of 1.00097. The pair is expected to find its first resistance at 1.00815, and a rise through could take it to the next resistance level of 1.01165.
USD CHF previous day range was 53.4 and current day range is 13.3.
EUR USD
The EUR traded lower against the USD and closed at 1.1308.
ZEW Economic Sentiment Indicator is calculated monthly by the Center of European Economic Research on the basis of a survey of around 300 experts from banks, insurance companies and financial departments of corporations. The survey participants are asked about their expectations concerning the economy, inflation rates, interest rates, stock markets, and oil prices for the next six months. The index reflects the sentiment of institutional investors.
Index growth may have a positive impact on euro quotes.
According to the Analysis, The pair is expected to find support at 1.12868, and a fall through could take it to the next support level of 1.12604. The pair is expected to find its first resistance at 1.13298, and a rise through could take it to the next resistance level of 1.13510.
Previous Day range was 44.7 and Current Day Range is 19.8.
GBP USD
The GBP traded lower against the USD and closed at 1.2919.
Claimant Count Change presents the change in the number of people claiming unemployment benefits during the given month.
An increase in the claimant count is an indication of weakness in the labor narket and can have a negative effect on the GDP quotes.
The pair is expected to find support at 1.28939, and a fall through could take it to the next support level of 1.28692. The pair is expected to find its first resistance at 1.29400, and a rise through could take it to the next resistance level of 1.29614.
GBP USD previous Day range was 46.1 and Current Day Range is 29.6.
USD CHF
The USD traded higher against CHF and closed at 1.0038.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
According to the analysis, pair is expected to find support at 1.00243, and a fall through could take it to the next support level of 1.00104. The pair is expected to find its first resistance at 1.00516, and a rise through could take it to the next resistance level of 1.00650.
USD CHF previous day range was 27.3 and current day range is 17.9.
EUR USD
The EUR traded higher against the USD and closed at 1.134.
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
According to the Analysis, The pair is expected to find support at 1.12914, and a fall through could take it to the next support level of 1.12429. The pair is expected to find its first resistance at 1.13711, and a rise through could take it to the next resistance level of 1.14053.
Previous Day range was 81.2 and Current Day Range is 20.1.
USD CAD
The USD traded lower against the CAD and closed at 1.3211.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
The pair is expected to find support at 1.31837, and a fall through could take it to the next support level of 1.31551. The pair is expected to find its first resistance at 1.32591, and a rise through could take it to the next resistance level of 1.33060.
USD CAD previous Day range was 75.4 and Current Day Range is 32.
USD CHF
The USD traded higher against CHF and closed at 1.0007
FOMC Minutes is a detailed report of the Federal Open Market Committee meeting. The meetings are held 8 times a year and focus on the country's economic and financial conditions, monetary policy and Fed interest rates.
The minutes reveal the position of Fed and individual FOMC members concerning the monetary policy and contain data on the interest rate voting: distribution of "for" and "against" votes, as well as the rhetoric of the voting Committee members.
The minutes are published in two weeks after the FOMC meeting. Depending on their content, they can affect USD either positively or negatively.
According to the analysis, pair is expected to find support at 0.99844, and a fall through could take it to the next support level of 0.99622. The pair is expected to find its first resistance at 1.00420, and a rise through could take it to the next resistance level of 1.00762.
USD CHF previous day range was 58.7 and current day range is 13.2.
EUR USD
The EUR traded higher against the USD and closed at 1.1336.
ECB Executive Board Member Speech can have an impact on the euro depending on the speech rhetoric and hints that analysts can find in the speech. Executive board members vote on interest rate and the monetary policy of the European regulator.
According to the Analysis, The pair is expected to find support at 1.13159, and a fall through could take it to the next support level of 1.12983. The pair is expected to find its first resistance at 1.13630, and a rise through could take it to the next resistance level of 1.13897.
Previous Day range was 45.7 and Current Day Range is 18.6.
USD CAD
The USD traded lower against the CAD and closed at 1.3175.
Core Durable Goods Orders m/m reflect the value of orders received by manufacturers of durable goods in the given month compared to the previous one. The production of transport industry is excluded from the calculation.
The index allows forecasting future production volumes in the short term.
The value growth can have a positive effect on dollar quotes.
The pair is expected to find support at 1.31448, and a fall through could take it to the next support level of 1.31146. The pair is expected to find its first resistance at 1.32105, and a rise through could take it to the next resistance level of 1.32460.
USD CAD previous Day range was 65.7 and Current Day Range is 25.8.
GBP USD
The GBP traded lower against USD and closed at 1.3048
BoE MPC members are responsible for setting the interest rate and their speeches often contain indications on the future possible direction of monetary policy.
According to the analysis, pair is expected to find support at 1.30038, and a fall through could take it to the next support level of 1.29594. The pair is expected to find its first resistance at 1.30992, and a rise through could take it to the next resistance level of 1.31502.
GBP USD previous day range was 95.4 and current day range is 23.3.
EUR USD
The EUR traded lower against the USD and closed at 1.1334.
The Ifo Business Climate Index reflects the current economic situation and forecasts for the next six months from the point of view of German companies. The indicator is compiled based on a survey of more than seven thousand companies.
A higher than expected reading is seen as favorable for the euro quotes, while lower readings are seen as negative.
According to the Analysis, The pair is expected to find support at 1.13156, and a fall through could take it to the next support level of 1.12973. The pair is expected to find its first resistance at 1.13591, and a rise through could take it to the next resistance level of 1.13843.
Previous Day range was 43.5 and Current Day Range is 11.6.
USD CAD
The USD traded higher against the CAD and closed at 1.3231.
Canada Retail Sales m/m show changes in the value of goods sold in retail stores in the specified month compared to the previous month. The indicator is calculated based on statistics from several thousand retail stores, and the data is then extrapolated to the whole country.
The indicator evaluates the consumer activity and inflation. The indicator growth can have a positive effect on CAD quotes.
The pair is expected to find support at 1.31842, and a fall through could take it to the next support level of 1.31377. The pair is expected to find its first resistance at 1.32556, and a rise through could take it to the next resistance level of 1.32805.
USD CAD previous Day range was 71.4 and Current Day Range is 16.6.
USD CHF
The USD traded higher against CHF and closed at 1.0006.
Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed's monetary policy.
Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.
According to the analysis, pair is expected to find support at 0.99923, and a fall through could take it to the next support level of 0.99786. The pair is expected to find its first resistance at 1.00213, and a rise through could take it to the next resistance level of 1.00366.
USD CHF previous day range was 29 and current day range is 11.7.
Learn Technical Analysis about EUR USD, USD CAD, USD CHF. Two pairs USD CAD, USD CHF look higher then EUR USD.
NZD USD
The NZD traded higher against the USD and closed at 0.6847.
Retail Sales m/m reflect a change in New Zealand's retail sales in the reported month compared to the previous one. The calculation is adjusted for inflation. The index is often referred to as the consumer spending indicator, which allows assessing inflation in New Zealand. The indicator growth can have a positive effect on NZD quotes.
According to the Analysis, The pair is expected to find support at 0.67853, and a fall through could take it to the next support level of 0.67239. The pair is expected to find its first resistance at 0.68806, and a rise through could take it to the next resistance level of 0.69145.
Previous Day range was 95.3 and Current Day Range is 31.1.
GBP USD
The GBP traded higher against the USD and closed at 1.3053.
Bank of England Inflation Report Hearings comprise speeches of the BoE Governor and several Monetary Policy Committee members in the British Parliament. Hearings cover latest inflation an financial stability reports; the MPC members answer questions of Parliament members.
New appointments and new members of the BoE Committees are also discussed at the hearings.
The event may have a short-term impact on GBP quotes.
The pair is expected to find support at 1.29878, and a fall through could take it to the next support level of 1.29231. The pair is expected to find its first resistance at 1.30968, and a rise through could take it to the next resistance level of 1.31411.
GBP USD previous Day range was 10.9 and Current Day Range is 20.8.
USD CAD
The USD traded higher against CAD and closed at 1.3142.
FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.
The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.
According to the analysis, pair is expected to find support at 1.31030, and a fall through could take it to the next support level of 1.30643. The pair is expected to find its first resistance at 1.32111, and a rise through could take it to the next resistance level of 1.32805.
USD CAD previous day range was 108.1 and current day range is 18.2.
USD JPY
The USD traded lower against the JPY and closed at 111.051.
Building Permits show the number of permits for the construction of new facilities issued by the government or other regulatory authority for the given month compared to the previous one.
The medium-term state of the real estate market is predicted based on this indicator. Index growth may have a positive effect on dollar quotes.
According to the Analysis, The pair is expected to find support at 110.676, and a fall through could take it to the next support level of 110.301. The pair is expected to find its first resistance at 111.329, and a rise through could take it to the next resistance level of 111.607.
Previous Day range was 6530 and Current Day Range is 3180.
AUD USD
The AUD traded lower against the USD and closed at 0.7165.
Consumer Confidence Index displays the level of consumer confidence in the stability of the country's economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.
The pair is expected to find support at 0.71358, and a fall through could take it to the next support level of 0.71061. The pair is expected to find its first resistance at 0.71896, and a rise through could take it to the next resistance level of 0.72137.
AUD USD previous Day range was 53.8 and Current Day Range is 22.5.
USD CHF
The USD traded lower against CHF and closed at 1.0006.
FED Vice Chairman Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.
Among the public statements made by the members of the Fed Board of Governors, the speech of the Vice Chairman is the second most important event after the Chair's speech.
According to the analysis, pair is expected to find support at 0.99887, and a fall through could take it to the next support level of 0.99717. The pair is expected to find its first resistance at 1.00171, and a rise through could take it to the next resistance level of 1.00285.
USD CHF previous day range was 28.4 and current day range is 12.4.
EUR USD
The EUR traded lower against the USD and closed at 1.1388.
FED Chair Testimony in the Congress or its individual committees (for example, the Joint Economic Committee) describes the current prospects of the US economy and explains Fed's recent actions related to the monetary policy.
The statement consists of two parts: the Fed 's Chair testimony and a series of questions and answers. The second part may have a strong short-term impact on dollar quotes.
According to the Analysis, The pair is expected to find support at 1.13552, and a fall through could take it to the next support level of 1.13219. The pair is expected to find its first resistance at 1.14119, and a rise through could take it to the next resistance level of 1.14353.
Previous Day range was 56.7 and Current Day Range is 17.1.
NZD USD
The NZD traded higher against the USD and closed at 0.6882.
Pending Home Sales m/m reflect the number of home sales contracts signed in the given month as compared to the previous one.
Since a contract completion takes an average of 6-8 weeks, Pending Home Sales is a leading indicator of the US housing market forecasting final sales for two months in advance.
The indicator growth can have a positive effect on dollar quotes.
The pair is expected to find support at 0.68673, and a fall through could take it to the next support level of 0.68532. The pair is expected to find its first resistance at 0.68991, and a rise through could take it to the next resistance level of 0.69168.
NZD USD previous Day range was 31.8 and Current Day Range is 18.8.
GBP USD
The GBP traded lower against USD and closed at 1.3249.
Markit/CIPS Manufacturing PMI is calculated by Markit together with the Chartered Institute of Procurement & Supply (CIPS). It characterizes the state of the industrial sector.
The index is calculated based on surveys of purchasing managers in the manufacturing sector. The mangers answer a number of questions about the production development, as well as their economic and financial expectations. The survey data is compiled into a leading indicator of overall economic performance.
A reading above 50 indicates growth in the sector and can have a positive effect on the pound quotes.
According to the analysis, pair is expected to find support at 1.31353, and a fall through could take it to the next support level of 1.30218. The pair is expected to find its first resistance at 1.33242, and a rise through could take it to the next resistance level of 1.33996.
GBP USD previous day range was 188.9 and current day range is 19.9.
USD CAD
The USD traded lower against the CAD and closed at 1.3155.
Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.
GDP growth can have a positive effect on CAD quotes.
According to the Analysis, The pair is expected to find support at 1.31231, and a fall through could take it to the next support level of 1.30914. The pair is expected to find its first resistance at 1.31813, and a rise through could take it to the next resistance level of 1.32078.
Previous Day range was 58.2 and Current Day Range is 17.9.
USD CHF
The USD traded lower against the CHF and closed at 1.0013.
Switzerland Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter.
The indicator shows GDP calculated using the value-added statistics (i.e. using the so-called production approach). Value added is determined as a difference between the total income and material production costs.
GDP growth can have a positive effect on CHF quotes.
The pair is expected to find support at 0.99786, and a fall through could take it to the next support level of 0.99441. The pair is expected to find its first resistance at 1.00309, and a rise through could take it to the next resistance level of 1.00487.
USD CHF previous Day range was 52.3 and Current Day Range is 26.3.
USD JPY
The USD traded lower against JPY and closed at 110.985.
ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.
Readings above 50 can have a positive effect on US dollar quotes.
According to the analysis, pair is expected to find support at 110.536, and a fall through could take it to the next support level of 110.086. The pair is expected to find its first resistance at 111.253, and a rise through could take it to the next resistance level of 111.520.
USD JPY previous day range was 7170 and current day range is 1660.
EUR USD
The EUR traded lower against the USD and closed at 1.137.
The core Consumer Price Index released by Eurostat is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services excluding the volatile components like food, energy, alcohol and tobacco. The core CPI is a key indicator to measure inflation and changes in purchasing trends. Generally, a high reading is seen as positive or bullish for the EUR, while a low reading is seen as negative.
According to the Analysis, The pair is expected to find support at 1.13474, and a fall through could take it to the next support level of 1.13242. The pair is expected to find its first resistance at 1.14065, and a rise through could take it to the next resistance level of 1.14424.
Previous Day range was 59.1 and Current Day Range is 10.8.
AUD USD
The AUD traded higher against the USD and closed at 0.7092.
Jerome H. Powell took office as a member of the Board of Governors of the Federal Reserve System on May 25, 2012, to fill an unexpired term. On November 2, 2017, President Donald Trump nominated Powell to serve as the next Chairman of the Federal Reserve. Powell assumed office as Chair on February 5, 2018.
The pair is expected to find support at 0.70658, and a fall through could take it to the next support level of 0.70398. The pair is expected to find its first resistance at 0.71419, and a rise through could take it to the next resistance level of 0.71920.
AUD USD previous Day range was 76.1 and Current Day Range is 24.2.
GBP USD
The GBP traded little higher against USD and closed at 1.326.
The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).
According to the analysis, pair is expected to find support at 1.32355, and a fall through could take it to the next support level of 1.32111. The pair is expected to find its first resistance at 1.33008, and a rise through could take it to the next resistance level of 1.33417.
GBP USD previous day range was 65.3 and current day range is 13.1.
NZD USD
The NZD traded lower against the USD and closed at 0.6813.
The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.
The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.
According to the Analysis, The pair is expected to find support at 0.67969, and a fall through could take it to the next support level of 0.67804. The pair is expected to find its first resistance at 0.68288, and a rise through could take it to the next resistance level of 0.68442.
Previous Day range was 31.9 and Current Day Range is 39.2.
USD CAD
The USD traded higher against the CAD and closed at 1.3302.
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.
Readings above 50 can have a positive effect on US dollar quotes.
The pair is expected to find support at 1.32724, and a fall through could take it to the next support level of 1.32425. The pair is expected to find its first resistance at 1.33349, and a rise through could take it to the next resistance level of 1.33675.
USD CAD previous Day range was 62.5 and Current Day Range is 27.1.
USD CHF
The USD traded little higher against CHF and closed at 0.9988.
ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.
The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.
According to the analysis, pair is expected to find support at 0.99707, and a fall through could take it to the next support level of 0.99536. The pair is expected to find its first resistance at 1.00124, and a rise through could take it to the next resistance level of 1.00370.
USD CHF previous day range was 41.7 and current day range is 22.
AUD USD
The AUD traded lower against the USD and closed at 0.7083.
Reserve Bank of Australia (RBA) Governor Speech may contain information about the expected change in the bank's interest rates or in the monetary policy.
Australia Gross Domestic Product (GDP) q/q provides a monetary gauge of all goods and services produced in Australia (less the value of goods and services used in production) in the reported quarter compared to the previous one.
The GDP calculation formula includes consumer and government spending, amount of all investments and total net export of the country.
GDP growth can have a positive effect on AUD quotes.
According to the Analysis, The pair is expected to find support at 0.70623, and a fall through could take it to the next support level of 0.70418. The pair is expected to find its first resistance at 0.70996, and a rise through could take it to the next resistance level of 0.71164.
Previous Day range was 37.3 and Current Day Range is 63.2.
EUR USD
The EUR traded higher against the USD and closed at 1.1307.
ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.
The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.
The pair is expected to find support at 1.12849, and a fall through could take it to the next support level of 1.12624. The pair is expected to find its first resistance at 1.13347, and a rise through could take it to the next resistance level of 1.13620.
EUR USD previous Day range was 49.8 and Current Day Range is 17.5.
USD CAD
The USD traded little higher against CAD and closed at 1.3349.
Canada Ivey Purchasing Managers Index (PMI) shows economic activity in the past month calculated by the Ivey School of Business.
The indicator is calculated based on a survey of purchasing managers in the private and public sector companies. The survey involves representatives of 175 companies selected in view of their field of activity and geographical location. Respondents answer questions about whether purchases, employment, supplies and prices in their sector have become better, worse or has not changed over the reported month.
Survey results are seasonally adjusted.
A reading above 50 indicates that the economic activity is expanding, a reading below 50 suggests the economy is in contraction. The index growth can have a positive effect on CAD quotes.
Bank of Canada announces its decisions on interest rate eight times a year. It is one of the key events influencing the Canadian dollar quotes. The decision is made depending on the current economic conditions and financial outlook in the country.
Changes in the interest lead to a short-term volatility of the Canadian dollar. An increase in the interest rate is seen as positive for the national currency.
According to the analysis, pair is expected to find support at 1.33134, and a fall through could take it to the next support level of 1.32778. The pair is expected to find its first resistance at 1.33723, and a rise through could take it to the next resistance level of 1.33956.
USD CAD previous day range was 58.9 and current day range is 25.