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Daily Forex News 2 weeks 5 days ago #3898

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Technical Overview of NZD/USD, USD/CAD and USD/CHF Currency Pairs

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.

Daily Forex News 2 weeks 4 days ago #3900

Technical Overview of AUD/USD, EUR/USD and USD/CAD Currency Pairs

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.

Daily Forex News 2 weeks 3 days ago #3901

Technical Overview of USD/JPY, EUR/USD and GBP/USD Currency Pairs

USD JPY

The USD traded lower against the JPY and closed at 111.761.

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, The pair is expected to find support at 111.613, and a fall through could take it to the next support level of 111.464. The pair is expected to find its first resistance at 111.913, and a rise through could take it to the next resistance level of 112.064.

Previous Day range was 3000 and Current Day Range is 1890.

EUR USD

The EUR traded higher against the USD and closed at 1.1306.

ECB Interest Rate Decision is announced after the European Central Bank meetings, on which the monetary policy of the euro zone is discussed. The interest rate decisions are taken depending on the inflationary outlook and economic growth.

Cut in deposit rates may have a negative effect on EUR quotes.

Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in the intermediate manufacturing. The data are seasonally adjusted.

GDP allows evaluating the rate of the economic growth and living standard of the population.
The growth of the indicator value can have a positive effect on euro quotes.

The pair is expected to find support at 1.12876, and a fall through could take it to the next support level of 1.12693. The pair is expected to find its first resistance at 1.13243, and a rise through could take it to the next resistance level of 1.13427.

EUR USD previous Day range was 36.7 and Current Day Range is 12.6.

GBP USD

The GBP traded little higher against USD and closed at 1.3168.

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.

According to the analysis, pair is expected to find support at 1.31339, and a fall through could take it to the next support level of 1.31002. The pair is expected to find its first resistance at 1.31900, and a rise through could take it to the next resistance level of 1.32124.

GBP USD previous day range was 56.1 and current day range is 16.6.

Daily Forex News 2 weeks 2 days ago #3902

Technical Overview of USD/CHF, NZD/USD and AUD/USD Currency Pairs

USD CHF

The USD traded lower against the CHF and closed at 1.0113.

According to the Analysis, The pair is expected to find support at 1.00578, and a fall through could take it to the next support level of 1.00023. The pair is expected to find its first resistance at 1.01464, and a rise through could take it to the next resistance level of 1.01795.

Previous Day range was 88.6 and Current Day Range is 14.1.

NZD USD

The NZD traded higher against the USD and closed at 0.6751.

The pair is expected to find support at 0.67335, and a fall through could take it to the next support level of 0.67157. The pair is expected to find its first resistance at 0.67804, and a rise through could take it to the next resistance level of 0.68095.

NZD USD previous Day range was 46.9 and Current Day Range is 23.7.


AUD USD

The AUD traded little lower against USD and closed at 0.7015.

According to the analysis, pair is expected to find support at 0.69963, and a fall through could take it to the next support level of 0.69973. The pair is expected to find its first resistance at 0.70428, and a rise through could take it to the next resistance level of 0.70703.

AUD USD previous day range was 46.5 and current day range is 22.2

Daily Forex News 1 week 6 days ago #3903

Technical Overview of EUR/USD, NZD/USD and USD/JPY Currency Pairs

EUR USD

The EUR traded lower against the USD and closed at 1.1234.

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 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.

Previous Day range was 60.2 and Current Day Range is 14.

NZD USD

The NZD traded lower against the USD and closed at 0.6804.

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.

The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.

NZD USD previous Day range was 62.4 and Current Day Range is 19.8.

USD JPY

The USD traded little lower against JPY and closed at 111.168.

According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.
USD JPY previous day range was 8510 and current day range is 2750.
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