Technical Overview of AUD/USD, NZD/USD and USD/JPY Currency Pairs

AUDUSD

AUD USD

The AUD traded higher against the USD and closed at 0.712.

The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

According to the Analysis, The pair is expected to find support at 0.71006, and a fall through could take it to the next support level of 0.70813. The pair is expected to find its first resistance at 0.71550, and a rise through could take it to the next resistance level of 0.71901.

Previous Day range was 54.4 and Current Day Range is 21.2.

NZD USD

NZDUSD

The NZD traded higher against the USD and closed at 0.6728.

Electronic Card Retail Sales m/m reflects a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

The pair is expected to find support at 0.67098, and a fall through could take it to the next support level of 0.66920. The pair is expected to find its first resistance at 0.67582, and a rise through could take it to the next resistance level of 0.67888.

NZD USD previous Day range was 48.4 and Current Day Range is 25.1.

USD JPY

USDJPY

The USD traded higher against JPY and closed at 111.647.

According to the analysis, pair is expected to find support at 111.138, and a fall through could take it to the next support level of 110.629. The pair is expected to find its first resistance at 111.924, and a rise through could take it to the next resistance level of 112.201.

USD JPY previous day range was 7860 and current day range is 2280.

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