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

EUR USD

EUR USD

The EUR traded higher against the USD and closed at 1.1366.

The New Home Sales indicator reflects sales of newly constructed residences in the United States in the specified month. It measures new single-family home sales.

The indicator is used for measuring the US housing market conditions. Index growth may have a positive effect on dollar quotes.

According to the Analysis, The pair is expected to find support at 1.13234, and a fall through could take it to the next support level of 1.12812. The pair is expected to find its first resistance at 1.14406, and a rise through could take it to the next resistance level of 1.15156. Previous Day range was 117.2 and Current Day Range is 30.6.

USD CHF

USD CHF

The USD traded a bit lower against the CHF and closed at 0.9955.

KOF Switzerland Economic Barometer provides a composite economic outlook for the next six months. The indicator calculation formula includes about 200 statistical values. The list of variables is revised annually. The main criterion for selecting a variable is its influence on the national economy and business cycles.

The indicator growth can have a positive effect on CHF quotes.

The pair is expected to find support at 0.98922, and a fall through could take it to the next support level of 0.98289. The pair is expected to find its first resistance at 0.99877, and a rise through could take it to the next resistance level of 1.00199.

USD/CHF previous Day range was 95.5 and Current Day Range is 17.6.

USD JPY

USD JPY

The USD traded lower against JPY and closed at 111.209.

BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor’s rhetoric reflects the official position of the Bank of Japan.

If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor speech, it may affect JPY positively.

According to the analysis, USD/JPY pair is expected to find support at 110.946, and a fall through could take it to the next support level of 110.684. The pair is expected to find its first resistance at 111.463, and a rise through could take it to the next resistance level of 111.718.

USD/JPY previous day range was 5170 and current day range is 2240.