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

EUR USD

EUR USD

The EUR traded higher against the USD and closed at 1.1400.

Job seekers Total reflects the total number of unemployed French citizens registered with the National Employment Agency (Pôle emploi). Unemployment data is published at the end of the month. The indicator growth is usually accompanied with a decrease in the purchasing power of the population, which may have a negative effect on euro quotes.

According to the Analysis, The pair is expected to find support at 1.13613, and a fall through could take it to the next support level of 1.13221. The pair is expected to find its first resistance at 1.14388, and a rise through could take it to the next resistance level of 1.14771. Previous Day range was 77.5 and Current Day Range is 29.

AUD USD

AUD USD

The AUD traded a bit higher against the USD and closed at 0.7041.

Consumer Confidence Index displays the level of consumer confidence in the stability of the country’s economy. It is based on the data from the monthly survey of more than 5000 households and is designed to evaluate the relative financial status, purchasing power and confidence of an average consumer. The survey consists of five questions, two of which are associated with the current economic conditions, while three deal with expectations. Since 60% of the survey has to do with expectations, the indicator is considered to be a leading market indicator. The indicator growth assumes an increase in consumer spending.

The pair is expected to find support at 0.70721, and a fall through could take it to the next support level of 0.70128. The pair is expected to find its first resistance at 0.70621, and a rise through could take it to the next resistance level of 0.70828.

AUD USD previous Day range was 35 and Current Day Range is 23.7.

USD CAD

USD CAD

The USD traded higher against CAD and closed at 1.3598.

According to the analysis, USD/CAD pair is expected to find support at 1.35697, and a fall through could take it to the next support level of 1.35417. The pair is expected to find its first resistance at 1.36206, and a rise through could take it to the next resistance level of 1.36435.

USD/CAD previous day range was 50.9 and current day range is 34.2.