10-04-2019, 08:36 AM
Technical Overview of EUR/USD and AUD/USD Currency Pair
EUR USD
EUR traded lower against USD and closed at 1.0964.
EUR/USD again aims for 1.0987 resistance - confluence while taking the bids to 1.0980 amid the initial trading session on Friday. 23.6% Fibonacci retracement, immediate support-line questions pair’s declines.
According to the Analysis, pair is expected to find support at 1.0949 and a fall through could take it to the next support level of 1.0935. The pair is expected to find its first resistance at 1.0993 and a rise through could take it to the next resistance level of 1.1007.
AUD USD
AUD traded higher against USD and closed at 0.6741.
AUD/USD is keeping gains despite the weaker-than-expected Aussie retail sales data. The pair may extend gains on dovish Federal Reserve expectations. RBA's Financial Stability Report cites housing market as key risk to the economy.
According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6701. The pair is expected to find its first resistance at 0.6753, and a rise through could take it to the next resistance level of 0.6765.
Important Economic Events of the Day
· AUD: Australia Retail Sales m/m
· USD: United States Nonfarm Payrolls
· CAD: Ivey Canada Purchasing Managers Index (PMI)
· USD: Federal Reserve System (Fed) Chair Powell Speech
For More information about the release time of news and its impact visit Economic Calendar Page!
EUR USD
EUR traded lower against USD and closed at 1.0964.
EUR/USD again aims for 1.0987 resistance - confluence while taking the bids to 1.0980 amid the initial trading session on Friday. 23.6% Fibonacci retracement, immediate support-line questions pair’s declines.
According to the Analysis, pair is expected to find support at 1.0949 and a fall through could take it to the next support level of 1.0935. The pair is expected to find its first resistance at 1.0993 and a rise through could take it to the next resistance level of 1.1007.
AUD USD
AUD traded higher against USD and closed at 0.6741.
AUD/USD is keeping gains despite the weaker-than-expected Aussie retail sales data. The pair may extend gains on dovish Federal Reserve expectations. RBA's Financial Stability Report cites housing market as key risk to the economy.
According to the Analysis, pair is expected to find support at 0.6713 and a fall through could take it to the next support level of 0.6701. The pair is expected to find its first resistance at 0.6753, and a rise through could take it to the next resistance level of 0.6765.
Important Economic Events of the Day
· AUD: Australia Retail Sales m/m
· USD: United States Nonfarm Payrolls
· CAD: Ivey Canada Purchasing Managers Index (PMI)
· USD: Federal Reserve System (Fed) Chair Powell Speech
For More information about the release time of news and its impact visit Economic Calendar Page!