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

EURUSD

EUR USD

The EUR traded lower against the USD and closed at 1.1234.

Retail Sales m/m reflect a change in the US retail sails in the reported month compared to the previous one. The indicator is calculated based on statistics received from 5,000 retail stores of different types and sizes, and the data are then extrapolated to the whole country.

The indicator is used for estimating inflation. Its growth may have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.11975, and a fall through could take it to the next support level of 1.11613. The pair is expected to find its first resistance at 1.12577, and a rise through could take it to the next resistance level of 1.12817.

Previous Day range was 60.2 and Current Day Range is 14.

NZD USD

NZDUSD

The NZD traded lower against the USD and closed at 0.6804.

Electronic Card Retail Sales m/m reflect a percentage change in electronic card transactions over the reported month compared to the previous one. The indicator can be used in the estimation of consumer spendings and economic activity.

The indicator values are seasonally adjusted and can be revised on a monthly basis, while monthly movements can fluctuate.

The pair is expected to find support at 0.67648, and a fall through could take it to the next support level of 0.67251. The pair is expected to find its first resistance at 0.68272, and a rise through could take it to the next resistance level of 0.68499.

NZD USD previous Day range was 62.4 and Current Day Range is 19.8.

USD JPY

USDJPY

The USD traded little lower against JPY and closed at 111.168.

According to the analysis, pair is expected to find support at 110.761, and a fall through could take it to the next support level of 110.353. The pair is expected to find its first resistance at 111.612, and a rise through could take it to the next resistance level of 112.055.

USD JPY previous day range was 8510 and current day range is 2750.