Daily Forex News
#4
Technical Overview of EUR/USD, AUD/USD and NZD/USD Currency Pair


EUR USD

EUR traded higher against USD and closed at 1.1107.

The ISM Non-Manufacturing Index released by the Institute for Supply Management (ISM) today shows business conditions in the US non-manufacturing sector. It is worth noting that the non-manufacturing sector does not influence, either positively or negatively, the GDP as much as the ISM Manufacturing does. A result above 50 is positive (or bullish) for the USD.

According to the Analysis, pair is expected to find support at 1.1121 and a fall through could take it to the next support level of 1.1117. The pair is expected to find its first resistance at 1.1130 and a rise through could take it to the next resistance level of 1.1135.

AUD USD

AUD traded lower against USD and closed at 0.6799.
 
  • AUD/USD down 0.5% in sympathy with a weakening Yuan as China fights back.
  • USD/CNY blasts through pivotal 7.00 as US-China trade tensions escalate.
  • Leads to risk aversion in Asia as risk/EM assets sold across board.
  • Havens JPY, XAU +0.5%, US-10 year yield hits 1.7890, lowest since Nov 9, 2016.
  • Risk barometer AUD/JPY -1% to a new 2019 low; RBA to sound more dovish Tues?
According to the Analysis, pair is expected to find support at 0.6776 and a fall through could take it to the next support level of 0.6768. The pair is expected to find its first resistance at 0.6789, and a rise through could take it to the next resistance level of 0.6794.
 
NZD USD
 
NZD traded lower against USD and closed at 0.6540
 
  • A number of downward slopping trend lines indicate weakness of NZD/USD.
  • 10-week old support-line grabs bears’ attention.
  • In addition to a two-day long descending trend-line, the NZD/USD pair’s sustained trading below a resistance-line stretched since late-July also portrays its weakness as the quote seesaws near 0.6510 during early Monday.
 
The Employment Change released by the Statistics New Zealand is a measure of the change in the number of employed people in New Zealand. Generally speaking, today a rise in this indicator has positive implications for consumer spending which stimulates economic growth. A high reading is seen as positive (or bullish) for the NZ dollar, while a low reading is seen as negative (or bearish).
 
According to the Analysis, pair is expected to find support at 0.6521 and a fall through could take it to the next support level of 0.6513. The pair is expected to find its first resistance at 0.6533, and a rise through could take it to the next resistance level of 0.6537.
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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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