10-16-2019, 10:29 AM
Technical Overview of AUD/USD and GBP/USD Currency Pair
AUD USD
AUD traded lower against USD and closed at 0.6752.
· AUD/USD -0.25% as China reacts to US House taking hard line over Hong Kong
· China says US House should stop interfering in HKG
· Undermined by weak AXJ currencies as PBOC Yuan fix on high side of forecasts
The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods.
According to the Analysis, pair is expected to find support at 0.6744 and a fall through could take it to the next support level of 0.6733. The pair is expected to find its first resistance at 0.6780 and a rise through could take it to the next resistance level of 0.6791.
GBP USD
GBP traded lower against USD and closed at 1.2786.
The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The 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 GBP, while a low reading is seen as negative (or Bearish).
According to the Analysis, pair is expected to find support at 1.2646 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2796, and a rise through could take it to the next resistance level of 1.2842.
Important Economic Events of the Day
· GBP: Consumer Price Index (YoY) (Sep)
· GBP: BoEs Governor Carney Speech
· USD: Retail Sales Control Group (Sep)
· CAD: BoCs Consumer Price Index Core (YoY) (Sep)
For More information about the release time of news and its impact visit Economic Calendar Page!
AUD USD
AUD traded lower against USD and closed at 0.6752.
· AUD/USD -0.25% as China reacts to US House taking hard line over Hong Kong
· China says US House should stop interfering in HKG
· Undermined by weak AXJ currencies as PBOC Yuan fix on high side of forecasts
The "retail sales control group", published by US Census Bureau, represents the total industry sales that are used to prepare the estimates of PCE for most goods.
According to the Analysis, pair is expected to find support at 0.6744 and a fall through could take it to the next support level of 0.6733. The pair is expected to find its first resistance at 0.6780 and a rise through could take it to the next resistance level of 0.6791.
GBP USD
GBP traded lower against USD and closed at 1.2786.
The Consumer Price Index released by the National Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. The purchase power of GBP is dragged down by inflation. The 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 GBP, while a low reading is seen as negative (or Bearish).
According to the Analysis, pair is expected to find support at 1.2646 and a fall through could take it to the next support level of 1.2600. The pair is expected to find its first resistance at 1.2796, and a rise through could take it to the next resistance level of 1.2842.
Important Economic Events of the Day
· GBP: Consumer Price Index (YoY) (Sep)
· GBP: BoEs Governor Carney Speech
· USD: Retail Sales Control Group (Sep)
· CAD: BoCs Consumer Price Index Core (YoY) (Sep)
For More information about the release time of news and its impact visit Economic Calendar Page!