Technical Overview of EUR/USD, NZD/USD and USD/CHF Currency Pairs

EURUSD

EUR USD

The AUD traded higher against the USD and closed at 1.1325.

Consumer Price Index (CPI) m/m reflects changes in prices of a basket of consumer goods and services in the given month compared to the previous one. The index shows price changes from the perspective of the consumer.

The index is calculated in comparison with the reference period prices. The reference period in CPI calculation is 1982.

Consumer Price Index characterizes inflation dynamics. Its growth may have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.12755, and a fall through could take it to the next support level of 1.12259. The pair is expected to find its first resistance at 1.13570, and a rise through could take it to the next resistance level of 1.13889.

Previous Day range was 81.5 and Current Day Range is 16.5.

NZD USD

NZDUSD

The NZD traded higher against the USD and closed at 0.6734.

RBNZ Interest Rate Decision is adopted every six weeks. The regulator’s interest rate is used for loans issued to commercial banks. Establishing of an interest rate is one of the main monetary policy tools used by the Reserve Bank of New Zealand to regulate the strength of the national currency. An increase in the interest rate can have a positive effect on NZD quotes.

The pair is expected to find support at 0.67215, and a fall through could take it to the next support level of 0.67084. The pair is expected to find its first resistance at 0.67512, and a rise through could take it to the next resistance level of 0.67568.

NZD USD previous Day range was 24.2 and Current Day Range is 124.9.

USD CHF

USDCHF

The USD traded lower against CHF and closed at 1.0062.

Federal Open Market Committee (FOMC) Member Speech may contain indications on the possible future changes in the Fed’s monetary policy. Committee members participate in interest rate voting, determine appropriate monetary policy measures and assess the risks to long-run goals of price stability and sustainable economic growth.

According to the analysis, pair is expected to find support at 1.00324, and a fall through could take it to the next support level of 1.00029. The pair is expected to find its first resistance at 1.00919, and a rise through could take it to the next resistance level of 1.01219.

USD CHF previous day range was 59.5 and current day range is 15.5.