Technical Overview of AUD/USD, EUR/USD and USD/CAD Currency Pairs

AUDUSD

AUD USD

The AUD traded higher against the USD and closed at 1.3484.

Gross Domestic Product q/q (GDP) is a monetary valuation of all goods and services produced in the United States in the given quarter compared with the previous one minus the price of goods and services used in production.

GDP growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 0.70794, and a fall through could take it to the next support level of 0.70513. The pair is expected to find its first resistance at 0.71421, and a rise through could take it to the next resistance level of 0.71767. Previous Day range was 62.7 and Current Day Range is 20.2.

EURUSD

EUR USD

The EUR traded a bit higher against the USD and closed at 1.1446.

France Gross Domestic Product (GDP) q/q reflects changes in the market value of domestically produced goods and services, in the reported quarter compared to the previous quarter. The GDP is calculated based on statistical information (using national economic indicators), forecast models and expert evaluations. GDP growth can have a positive effect on euro quotes.

The pair is expected to find support at 1.3826, and a fall through could take it to the next support level of 1.13185. The pair is expected to find its first resistance at 1.14969, and a rise through could take it to the next resistance level of 1.15480.

EUR/USD previous Day range was 114.3 and Current Day Range is 18.2.

USDCAD

USD CAD

The USD traded lower against CAD and closed at 1.3508.

Canada Gross Domestic Product (GDP) m/m is the macroeconomic indicator of the national economy state. It reflects the value of all goods and services produced in all sectors of economy on the territory of Canada. The indicator shows the GDP change in the reported month compared to the previous one.

GDP growth can have a positive effect on CAD quotes.

According to the analysis, USD/CAD pair is expected to find support at 1.34592, and a fall through could take it to the next support level of 1.34106. The pair is expected to find its first resistance at 1.35433, and a rise through could take it to the next resistance level of 1.35788. USD/CAD previous day range was 84.1 and current day range is 15.7.