Technical Overview of GBP/USD, AUD/USD and NZD/USD Currency Pairs

GBPUSD

GBP USD

The GBP traded lower against the USD and closed at 1.2927.

Bank of England Interest Rate Decision is taken by monetary policy committee members and is published two weeks after the meeting.

The interest rate decision is one of the most important events. Interest rate growth is seen as positive for the sterling.

According to the Analysis, The pair is expected to find support at 1.29085, and a fall through could take it to the next support level of 1.28900. The pair is expected to find its first resistance at 1.29614, and a rise through could take it to the next resistance level of 1.29958.

Previous Day range was 52.9 and Current Day Range is 11.8.

AUD USD

AUDUSD

The AUD traded higher against the USD and closed at 0.7104.

FED Chair Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa.

The FED Chair’s statements have the greatest impact on the market compared to other members of the FED Board of Governors.

The pair is expected to find support at 0.70551, and a fall through could take it to the next support level of 0.70059. The pair is expected to find its first resistance at 0.71994, and a rise through could take it to the next resistance level of 0.72945.

AUD USD previous Day range was 144.3 and Current Day Range is 16.6.

NZD USD

NZDUSD

The NZD traded bit lower against USD and closed at 0.6774.

New Zealand Employment Change q/q shows the change in the number of citizens officially employed in New Zealand resident companies in the given quarter compared to the previous one. Employment growth is a sign of a stronger labor market and can be seen as positive for the New Zealand dollar quotes.

According to the analysis, pair is expected to find support at 0.67251, and a fall through could take it to the next support level of 0.66760. The pair is expected to find its first resistance at 0.68640, and a rise through could take it to the next resistance level of 0.69538.

NZD USD previous day range was 138.9 and current day range is 33.5.