Daily Forex News
#11
Technical Overview of EUR/USD, USD/CAD and AUD/USD Currency Pair


EUR USD

EUR traded lower against USD and closed at 1.1102.

EUR/USD failed to confirm a bullish reversal with a close above 1.1153 on Monday.
German GDP is expected to have contracted by 0.1% in the second quarter.
                                      
HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, on the basis of a statistical methodology that has been harmonized across all EU member states. HICP is a measure of prices used by Governing Council of EU to define and assess price stability in the euro area as a whole in quantitative terms.

According to the Analysis, pair is expected to find support at 1.1079 and a fall through could take it to the next support level of 1.1057. The pair is expected to find its first resistance at 1.1138 and a rise through could take it to the next resistance level of 1.1175.

USD CAD

USD traded lower against CAD and closed at 1.3254.

The Gross Domestic Product Annualized released by the US Bureau of Economic Analysis shows the monetary value of all the goods, services and structures produced within a country in a given period of time. GDP Annualized is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the USD, while a low reading is negative.
According to the Analysis, pair is expected to find support at 1.3229 and a fall through could take it to the next support level of 1.3203. The pair is expected to find its first resistance at 1.3298, and a rise through could take it to the next resistance level of 1.3342.
 
AUD USD
 
AUD traded higher against CAD and closed at 0.6775.

The Aussie ignored upbeat Chinese data and risk-on trades on the Asian stocks. Focus remains on trade and US data.
 
According to the Analysis, pair is expected to find support at 0.6732 and a fall through could take it to the next support level of 0.6713. The pair is expected to find its first resistance at 0.6774, and a rise through could take it to the next resistance level of 0.6797.
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Messages In This Thread
Daily Forex News - by xtreamforex - 02-14-2019, 11:05 AM
Re: Daily Forex News - by xtreamforex - 04-22-2019, 09:56 AM
RE: Daily Forex News - by xtreamforex - 04-23-2019, 12:19 PM
RE: Daily Forex News - by xtreamforex - 08-05-2019, 06:31 AM
RE: Daily Forex News - by xtreamforex - 08-06-2019, 08:54 AM
RE: Daily Forex News - by xtreamforex - 08-08-2019, 09:24 AM
RE: Daily Forex News - by xtreamforex - 08-09-2019, 06:21 AM
RE: Daily Forex News - by xtreamforex - 08-14-2019, 06:07 AM
RE: Daily Forex News - by xtreamforex - 08-15-2019, 06:28 AM
RE: Daily Forex News - by xtreamforex - 08-20-2019, 06:00 AM
RE: Daily Forex News - by xtreamforex - 08-27-2019, 07:27 AM
RE: Daily Forex News - by xtreamforex - 08-28-2019, 06:33 AM
RE: Daily Forex News - by xtreamforex - 08-30-2019, 05:55 AM
RE: Daily Forex News - by xtreamforex - 09-05-2019, 12:07 PM
RE: Daily Forex News - by xtreamforex - 09-09-2019, 08:00 AM
RE: Daily Forex News - by xtreamforex - 09-10-2019, 08:02 AM
RE: Daily Forex News - by xtreamforex - 09-11-2019, 07:55 AM
RE: Daily Forex News - by xtreamforex - 09-26-2019, 09:17 AM
RE: Daily Forex News - by xtreamforex - 09-27-2019, 09:26 AM
RE: Daily Forex News - by xtreamforex - 09-30-2019, 09:08 AM
RE: Daily Forex News - by xtreamforex - 10-01-2019, 07:24 AM
RE: Daily Forex News - by xtreamforex - 10-02-2019, 09:38 AM
RE: Daily Forex News - by xtreamforex - 10-04-2019, 08:36 AM
RE: Daily Forex News - by xtreamforex - 10-09-2019, 11:13 AM

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