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

EURUSD

EUR USD

The EUR traded higher against the USD and closed at 1.136.

Producer Price Index (PPI)m/m reflects an average change in goods selling prices from the producer perspective in Germany, in the reported month compared to the previous month. A higher than expected reading can be seen as positive for the euro quotes.

According to the Analysis, The pair is expected to find support at 1.13307, and a fall through could take it to the next support level of 1.13017. The pair is expected to find its first resistance at 1.13952, and a rise through could take it to the next resistance level of 1.14309. Previous Day range was 64.5 and Current Day Range is 26.9.

AUDUSD

AUD USD

The AUD traded a bit higher against the USD and closed at 0.7178.

Existing Home Sales shows the amount of the secondary housing sales for the given month. Only closed deals are considered in the report.

The report is used to evaluate the US real estate market.

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

The pair is expected to find support at 0.71607, and a fall through could take it to the next support level of 0.71435. The pair is expected to find its first resistance at 0.71984,and a rise through could take it to the next resistance level of 0.72199.

AUD/USD previous Day range was 38.2 and Current Day Range is 26.2.

USDJPY

USD JPY

The USD traded lower against JPY and closed at 112.509.

The Energy Information Administration’s (EIA) Crude Oil Stocks Change Indicator is published weekly.It measures the number of barrels of commercial crude oil held by US companies.It is one of the indicators affecting world oil prices.

Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price.

According to the analysis,USD/JPY pair is expected to find support at 112.222, and a fall through could take it to the next support level of 111.931. The pair is expected to find its first resistance at 112.817, and a rise through could take it to the next resistance level of 113.132.

USD/JPY previous day range was 6030 and current day range is 3930.