04-23-2019, 12:19 PM
Technical Overview of EUR/USD,
USD/JPY and NZD/USD Currency Pairs
EUR USD
The EUR traded lower against the USD and closed at 1.1257.
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 1.12411, and a fall through could take it to the next support level of 1.12254. The pair is expected to find its first resistance at 1.12672, and a rise through could take it to the next resistance level of 1.12776.
Previous Day range was 26.1 and Current Day Range is 15.8.
USD JPY
The USD traded lower against the JPY and closed at 111.931.
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.
The pair is expected to find support at 111.851, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.000, and a rise through could take it to the next resistance level of 112.070.
USD JPY previous Day range was 1490 and Current Day Range is 3240.
NZD USD
The NZD traded lower against USD and closed at 0.6677.
According to the analysis, pair is expected to find support at 0.66701, and a fall through could take it to the next support level of 0.66629. The pair is expected to find its first resistance at 0.66870, and a rise through could take it to the next resistance level of 0.66967.
NZD USD previous day range was 16.9 and current day range is 13.
USD/JPY and NZD/USD Currency Pairs
EUR USD
The EUR traded lower against the USD and closed at 1.1257.
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 1.12411, and a fall through could take it to the next support level of 1.12254. The pair is expected to find its first resistance at 1.12672, and a rise through could take it to the next resistance level of 1.12776.
Previous Day range was 26.1 and Current Day Range is 15.8.
USD JPY
The USD traded lower against the JPY and closed at 111.931.
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.
The pair is expected to find support at 111.851, and a fall through could take it to the next support level of 111.772. The pair is expected to find its first resistance at 112.000, and a rise through could take it to the next resistance level of 112.070.
USD JPY previous Day range was 1490 and Current Day Range is 3240.
NZD USD
The NZD traded lower against USD and closed at 0.6677.
According to the analysis, pair is expected to find support at 0.66701, and a fall through could take it to the next support level of 0.66629. The pair is expected to find its first resistance at 0.66870, and a rise through could take it to the next resistance level of 0.66967.
NZD USD previous day range was 16.9 and current day range is 13.