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

EURUSD

EUR USD

The EUR traded higher against the USD and closed at 1.1343.

ADP Nonfarm Employment Change shows the monthly change in 19 manufacturing sectors in the United States. The indicator does not take agriculture into account. The calculation includes data collected from about 400 000 private enterprises.

The indicator characterizes the labor market and industrial sector activity. Employment growth can have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.12801, and a fall through could take it to the next support level of 1.12176. The pair is expected to find its first resistance at 1.14507, and a rise through could take it to the next resistance level of 1.15588. Previous Day range was 170.6 and Current Day Range is 61.6.

AUD USD

AUDUSD

The AUD traded a bit lower against the USD and closed at 0.6984.

ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified 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. The questionnaire considers employment, production level, inventories, new orders and supplier deliveries.

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

The pair is expected to find support at 0.69596, and a fall through could take it to the next support level of 0.69351. The pair is expected to find its first resistance at 0.70303, and a rise through could take it to the next resistance level of 0.70765.

AUD USD previous Day range was 70.7 and Current Day Range is 223.6.

USD CAD

USDCAD

The USD traded higher against CAD and closed at 1.3577.

Canada Employment Change shows a change in the number of officially employed Canadians in the reported month.

The indicator is used when measuring Canada’s labor market. The indicator growth can have a positive effect on CAD quotes.

According to the analysis, USD/CAD pair is expected to find support at 1.35433, and a fall through could take it to the next support level of 1.35094. The pair is expected to find its first resistance at 1.36367, and a rise through could take it to the next resistance level of 1.36962.

USD/CAD previous day range was 93.4 and current day range is 71.8.