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 0.7225.

Australia Retail Sales m/m show a change in the turnover of goods and services sold in retail outlets in the given month compared to the previous month.

The turnover of goods and services sold in retail outlets include retail sales, wholesales, takings from repairs, sales in public places, commission from agency activity, as well as the goods and services tax.

The indicator growth can have a positive effect on the Australian dollar quotes.

According to the Analysis, The pair is expected to find support at 0.72060, and a fall through could take it to the next support level of 0.71873. The pair is expected to find its first resistance at 0.72486, and a rise through could take it to the next resistance level of 0.72725.

Previous Day range was 42.6 and Current Day Range is 60.1.

NZD USD

NZDUSD

The NZD traded higher against the USD and closed at 0.6896.

ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list.

Readings above 50 can have a positive effect on US dollar quotes.

The pair is expected to find support at 0.68754, and a fall through could take it to the next support level of 0.68548. The pair is expected to find its first resistance at 0.69111, and a rise through could take it to the next resistance level of 0.69262.

NZD USD previous Day range was 35.7 and Current Day Range is 30.4.

USD JPY

USDJPY

The USD traded bit higher against JPY and closed at 109.874.

Household Spending y/y measures the total expenditure by Japanese households in the given month compared to the same month of the previous year. The index is calculated based on a statistical sample of households in the country. The calculation includes expenditures on food, housing, utilities, furniture, closing, health, education, transport, communication, leisure activities, etc.

The index is viewed as an indicator of economic growth and consumer optimism. It allows measuring the level of inflation in the country.

The indicator growth can have a positive effect on the yen quotes.

According to the analysis, pair is expected to find support at 109.484, and a fall through could take it to the next support level of 109.093. The pair is expected to find its first resistance at 110.212, and a rise through could take it to the next resistance level of 110.549.

USD JPY previous day range was 7280 and current day range is 2010.