Daily Forex News
#17
Technical Overview of USD/JPY, USD/CHF and AUD/USD Currency Pair


USD JPY

USD traded higher against JPY and closed at 107.53.

·      USD/JPY grinds higher to 107.67 from 107.54, nearing breakout
·      May soon crack 107.71 top of daily Ichimoku Cloud on EBS
·      Closing above that level marks bullish break, 200 DMA could be next
·      ECB meet Thurs could derail EUR/JPY, though dovish outcome priced in
·      US 10y yield lets off some steam after hitting 1.744%, last 1.713%
·      Risk appetite rising with further global central bank easing expected
                                  
According to the Analysis, pair is expected to find support at 107.32 and a fall through could take it to the next support level of 107.21. The pair is expected to find its first resistance at 107.64 and a rise through could take it to the next resistance level of 107.75.

USD CHF

USD traded lower against CHF and closed at 0.9919.
 
·      USD/CHF recently turned choppy inside a rising channel formation.
·      200-hour EMA adds to the pattern’s support.
 
The USD/CHF pair’s failure to rise past-0.9930/35 area, including early-month high, is less likely to portray its weakness unless breaking near-term support-line. The pair currently trades near 0.9920 by the press time heading into Wednesday’s European session.

According to the Analysis, pair is expected to find support at 0.9896 and a fall through could take it to the next support level of 0.9886. The pair is expected to find its first resistance at 0.9928, and a rise through could take it to the next resistance level of 0.9938.
 
AUD USD

AUD traded higher against USD and closed at 0.6859.
 
·      AUD/USD is losing altitude in response to a dismal Westpac Aussie consumer confidence data.
·      Australian currency may remain under pressure due to deepening slowdown in China.

According to the Analysis, pair is expected to find support at 0.6850 and a fall through could take it to the next support level of 0.6845. The pair is expected to find its first resistance at 0.6868, and a rise through could take it to the next resistance level of 0.6873.
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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
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RE: Daily Forex News - by xtreamforex - 08-09-2019, 06:21 AM
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RE: Daily Forex News - by xtreamforex - 08-20-2019, 06:00 AM
RE: Daily Forex News - by xtreamforex - 08-27-2019, 07:27 AM
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