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

AUDUSD

AUD USD

The AUD traded lower against the USD and closed at 0.7061.

The National Australia Bank (NAB) Business Confidence Index is calculated based on a business survey of Australian companies conducted by NAB. The report reflects business expectations for 17 different factors, including tax regulation, housing prices, interest rates, wages, geopolitical risks, federal and regional policies, and other factors.

A reading above zero indicates improving business conditions and can affect AUD quotes positively. A negative value indicates worsening conditions.

According to the Analysis, The pair is expected to find support at 0.70428, and a fall through could take it to the next support level of 0.70423. The pair is expected to find its first resistance at 0.70937, and a rise through could take it to the next resistance level of 0.71261.

Previous Day range was 50.9 and Current Day Range is 33.5.

USD CAD

USDCAD

The USD traded lower against the CAD and closed at 1.3301.

JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial and office areas. The calculation includes all vacancies that are open as of the last business day of a month.

The indicator is included in the JOLTS (Job Openings and Labor Turnover Survey) report based on employers’ survey. In addition to job openings, it includes data on employment, hires and separations.

JOLTS characterizes the US labor market. Index growth may have a positive effect on dollar quotes.

The pair is expected to find support at 1.32688, and a fall through could take it to the next support level of 1.32369. The pair is expected to find its first resistance at 1.33257, and a rise through could take it to the next resistance level of 1.33507.

USD CAD previous Day range was 56.9 and Current Day Range is 27.

USD JPY

USDJPY

The USD traded higher against JPY and closed at 110.367.

Industrial Production m/m reflects changes in the Japanese industrial sector outputs in the given month compared to the previous month. The report includes data of all production sectors in Japan, including industry, mining and energy.

Industrial production growth may have a positive effect on yen quotes.

According to the analysis, pair is expected to find support at 109.936, and a fall through could take it to the next support level of 109.505. The pair is expected to find its first resistance at 110.631, and a rise through could take it to the next resistance level of 110.895.

USD JPY previous day range was 6950 and current day range is 3020.

Leave a Reply